24, WINDMILL MEADOW, WEM, SHREWSBURY, SY4 5YH - £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.

24 WINDMILL MEADOW is a very small terraced house of 57m², built sometime between 2003 and 2006, which could now be worth an estimated £162,838. It was last sold for £126,500 in August 2020, which was around 20% below the average August 2020 terraced price in the Shropshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

24 WINDMILL MEADOW Sold Prices

Land registry data shows three sales for 24 WINDMILL MEADOW 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 24 WINDMILL MEADOW 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
2020 28 AUG	£126,500	£158,003	20% below HPI
2007 16 FEB	£125,000	£136,136	8% below HPI
2004 17 DEC	£118,000	£117,352	1% above HPI

24 WINDMILL MEADOW 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 24 WINDMILL MEADOW sales between December 2004 and August 2020 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 February 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 24 WINDMILL MEADOW be worth now?

24 WINDMILL MEADOW might now be worth an estimated £162,838.

This is based on house price inflation of 28.7%, between August 2020 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 28.7% inflationary increase is applied to the most recent sale price for 24 WINDMILL MEADOW of £126,500 on 28th August 2020. For the value to have increased from £126,500 to £162,838 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 24 WINDMILL MEADOW has moved in line with the HPI for terraced houses in the Shropshire local authority area.
• The August 2020 sale price of £126,500 represented a fair market value for the property.
• The size, condition, and specification of 24 WINDMILL MEADOW has not materially changed since August 2020.

How Large is 24 WINDMILL MEADOW?

24 WINDMILL MEADOW is 57m² according to the EPC inspection conducted in June 2020. 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 24 WINDMILL MEADOW lies on this distribution: 6% of terraced houses houses are smaller than 24 WINDMILL MEADOW, and 93% of houses are larger. Note that EPC data is not available for all properties in Wem.

24 WINDMILL MEADOW: Plot and Title Map

24 WINDMILL MEADOW sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 24 WINDMILL MEADOW, 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 24 WINDMILL MEADOW). 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 24 WINDMILL MEADOW?

24 WINDMILL MEADOW is located in WEM, in the SY4 postcode district. The below map shows the position of No. 24 on WINDMILL MEADOW.