40, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £280,000

40 MILL STREET is a large detached house of 131m², built sometime between 1950 and 1966. It was last sold for £280,000 in March 2023, which was around 28% below the average March 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

40 MILL STREET Sold Prices

Land registry data shows two sales for 40 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. One of the two 40 MILL STREET sales was for below the average price, whilst the other 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
2023 23 MAR	£280,000	£387,222	28% below HPI
2002 6 MAR	£146,500	£143,217	2% above HPI

40 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 40 MILL STREET sales from March 2002 and March 2023 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 March 2002 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 40 MILL STREET?

40 MILL STREET is 131m² according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 40 MILL STREET lies on this distribution: 77% of detached houses are smaller than 40 MILL STREET, and 22% of houses are larger. Note that EPC data is not available for all properties in Wem.

40 MILL STREET: Plot and Title Map

40 MILL STREET sits on a plot of roughly 0.300 of an acre, or 1,213m². The below map shows the location of 40 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 40 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 40 MILL STREET?

40 MILL STREET is located in WEM, in the SY4 postcode district. The below map shows the position of No. 40 on MILL STREET.