4, BAILEY CLOSE, WEM, SHREWSBURY, SY4 5UR - £94,000

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.

4 BAILEY CLOSE is a small extended detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £226,275. It was last sold for £94,000 in October 2002, which was around 46% below the average October 2002 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.

4 BAILEY CLOSE Sold Prices

Land registry data shows three sales for 4 BAILEY 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 4 BAILEY 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
2002 14 OCT	£94,000	£174,713	46% below HPI
1999 11 JAN	£65,000	£102,813	37% below HPI
1998 9 OCT	£73,000	£103,281	29% below HPI

4 BAILEY 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 4 BAILEY CLOSE sales between October 1998 and October 2002 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 January 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2002 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 4 BAILEY CLOSE be worth now?

4 BAILEY CLOSE might now be worth an estimated £226,275.

This is based on house price inflation of 140.7%, between October 2002 and April 2026, 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 140.7% inflationary increase is applied to the most recent sale price for 4 BAILEY CLOSE of £94,000 on 14th October 2002. For the value to have increased from £94,000 to £226,275 over the 24 years and six months to April 2026, the following assumptions must hold true:

• The value of 4 BAILEY CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2002 sale price of £94,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BAILEY CLOSE has not materially changed since October 2002.

How Large is 4 BAILEY CLOSE?

4 BAILEY CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 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 4 BAILEY CLOSE lies on this distribution: 35% of detached houses houses are smaller than 4 BAILEY CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 BAILEY CLOSE: Plot and Title Map

4 BAILEY CLOSE sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 4 BAILEY 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 4 BAILEY 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 4 BAILEY CLOSE?

4 BAILEY CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 4 on BAILEY CLOSE.