2, ARDEN CLOSE, WEM, SHREWSBURY, SY4 5LX - £169,000

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.

2 ARDEN CLOSE is a very small detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £232,642. It was last sold for £169,000 in December 2017, which was around 45% below the average December 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

2 ARDEN CLOSE Sold Prices

Land registry data shows two sales for 2 ARDEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 2 ARDEN CLOSE sales were for below 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
2017 8 DEC	£169,000	£306,337	45% below HPI
1995 18 JUL	£52,000	£85,393	39% below HPI

2 ARDEN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The two 2 ARDEN CLOSE sales from July 1995 and December 2017 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 1995 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 2 ARDEN CLOSE be worth now?

2 ARDEN CLOSE might now be worth an estimated £232,642.

This is based on house price inflation of 37.7%, between December 2017 and March 2025, for detached 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 37.7% inflationary increase is applied to the most recent sale price for 2 ARDEN CLOSE of £169,000 on 8th December 2017. For the value to have increased from £169,000 to £232,642 over the eight years and nine months to March 2025, the following assumptions must hold true:

• The value of 2 ARDEN CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The December 2017 sale price of £169,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARDEN CLOSE has not materially changed since December 2017.

How Large is 2 ARDEN CLOSE?

2 ARDEN CLOSE is 61m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses houses in Wem, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wem, and where 2 ARDEN CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 ARDEN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Wem.

2 ARDEN CLOSE: Plot and Title Map

2 ARDEN CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 2 ARDEN 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 2 ARDEN 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 2 ARDEN CLOSE?

2 ARDEN CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 2 on ARDEN CLOSE.