38, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £248,000

38 MILL STREET is a very large extended detached house of 194m², built sometime between 1967 and 1975. It was last sold for £248,000 in May 2007, which was around 5% below the average May 2007 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

38 MILL STREET Sold Prices

Land registry data shows two sales for 38 MILL STREET 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 38 MILL STREET 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
2007 24 MAY	£248,000	£261,027	5% below HPI
2006 11 MAY	£198,500	£248,305	20% below HPI

38 MILL STREET 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 38 MILL STREET sales from May 2006 and May 2007 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 May 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2007 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 38 MILL STREET?

38 MILL STREET is 194m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 10% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 38 MILL STREET lies on this distribution: 96% of detached houses are smaller than 38 MILL STREET, and 4% of houses are larger. Note that EPC data is not available for all properties in Wem.

38 MILL STREET: Plot and Title Map

38 MILL STREET sits on a plot of roughly 0.188 of an acre, or 762m². The below map shows the location of 38 MILL STREET, 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 38 MILL STREET). 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 38 MILL STREET?

38 MILL STREET is located in WEM, in the SY4 postcode district. The below map shows the position of No. 38 on MILL STREET.