1, PYMS ROAD, WEM, SHREWSBURY, SY4 5AT - £126,500

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 PYMS ROAD is a very small terraced house of 55m², built sometime between 1900 and 1929, which could now be worth an estimated £166,490. It was last sold for £126,500 in June 2019, which was around 18% below the average June 2019 terraced price in the Shropshire local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

1 PYMS ROAD Sold Prices

Land registry data shows four sales for 1 PYMS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Shropshire local authority area for the corresponding sale date. The four 1 PYMS ROAD sales were a mix of below the average price, and roughly equal to 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
2019 28 JUN	£126,500	£154,537	18% below HPI
2011 22 JUL	£95,500	£127,448	25% below HPI
2007 24 AUG	£120,000	£143,819	17% below HPI
1996 31 MAY	£39,000	£39,015	Close to HPI

1 PYMS ROAD 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 four 1 PYMS ROAD sales between May 1996 and June 2019 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 July 2011 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 PYMS ROAD be worth now?

1 PYMS ROAD might now be worth an estimated £166,490.

This is based on house price inflation of 31.6%, between June 2019 and June 2025, 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 31.6% inflationary increase is applied to the most recent sale price for 1 PYMS ROAD of £126,500 on 28th June 2019. For the value to have increased from £126,500 to £166,490 over the six years to June 2025, the following assumptions must hold true:

• The value of 1 PYMS ROAD has moved in line with the HPI for terraced houses in the Shropshire local authority area.
• The June 2019 sale price of £126,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PYMS ROAD has not materially changed since June 2019.

How Large is 1 PYMS ROAD?

1 PYMS ROAD is 55m² according to the EPC inspection conducted in March 2019. 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 PYMS ROAD lies on this distribution: 5% of terraced houses houses are smaller than 1 PYMS ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 PYMS ROAD: Plot and Title Map

1 PYMS ROAD sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 1 PYMS ROAD, 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 PYMS ROAD). 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 PYMS ROAD?

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