1, MARNE CLOSE, WEM, SHREWSBURY, SY4 5YE - £165,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MARNE CLOSE is a very small terraced house of 47m², built sometime between 1991 and 1995, which could now be worth an estimated £174,162. It was last sold for £165,000 in October 2023, which was around 17% below the average October 2023 terraced price in the Shropshire local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

1 MARNE CLOSE Sold Prices

Land registry data shows three sales for 1 MARNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Shropshire local authority area for the corresponding sale date. Two of the three 1 MARNE CLOSE sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 16 OCT	£165,000	£198,373	17% below HPI
2000 6 OCT	£46,000	£56,299	18% below HPI
1996 16 DEC	£43,000	£40,287	7% above HPI

1 MARNE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Shropshire local authority area over time, sourced from the HPI. The three 1 MARNE CLOSE sales between December 1996 and October 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2000 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1 MARNE CLOSE be worth now?

1 MARNE CLOSE might now be worth an estimated £174,162.

This is based on house price inflation of 5.6%, between October 2023 and May 2026, for terraced houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.6% inflationary increase is applied to the most recent sale price for 1 MARNE CLOSE of £165,000 on 16th October 2023. For the value to have increased from £165,000 to £174,162 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 1 MARNE CLOSE has moved in line with the HPI for terraced houses in the Shropshire local authority area.
• The October 2023 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARNE CLOSE has not materially changed since October 2023.

How Large is 1 MARNE CLOSE?

1 MARNE CLOSE is 47m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of terraced houses houses in Wem, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wem, and where 1 MARNE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 1 MARNE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 MARNE CLOSE: Plot and Title Map

1 MARNE CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 1 MARNE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MARNE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MARNE CLOSE?

1 MARNE CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 1 on MARNE CLOSE.