2, GUTTERY CLOSE, WEM, SHREWSBURY, SY4 5YG - £235,000

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 GUTTERY CLOSE is a large detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £321,742. It was last sold for £235,000 in February 2018, which was around 24% below the average February 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

2 GUTTERY CLOSE Sold Prices

Land registry data shows three sales for 2 GUTTERY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 2 GUTTERY 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
2018 16 FEB	£235,000	£308,008	24% below HPI
2009 25 SEP	£215,000	£251,915	15% below HPI
2005 30 JUN	£215,000	£241,556	11% below HPI

2 GUTTERY 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 three 2 GUTTERY CLOSE sales between June 2005 and February 2018 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 September 2009 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 GUTTERY CLOSE be worth now?

2 GUTTERY CLOSE might now be worth an estimated £321,742.

This is based on house price inflation of 36.9%, between February 2018 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 36.9% inflationary increase is applied to the most recent sale price for 2 GUTTERY CLOSE of £235,000 on 16th February 2018. For the value to have increased from £235,000 to £321,742 over the six years and eleven months to March 2025, the following assumptions must hold true:

• The value of 2 GUTTERY CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GUTTERY CLOSE has not materially changed since February 2018.

How Large is 2 GUTTERY CLOSE?

2 GUTTERY CLOSE is 116m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% 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 GUTTERY CLOSE lies on this distribution: 65% of detached houses houses are smaller than 2 GUTTERY CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Wem.

2 GUTTERY CLOSE: Plot and Title Map

2 GUTTERY CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2 GUTTERY 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 GUTTERY 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 GUTTERY CLOSE?

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