7, FOTHERGILL WAY, WEM, SHREWSBURY, SY4 5NX - £142,500

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.

7 FOTHERGILL WAY is a small terraced house of 89m², built sometime from 2007 onwards, which could now be worth an estimated £179,099. It was last sold for £142,500 in September 2020, which was around 12% below the average September 2020 terraced price in the Shropshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

7 FOTHERGILL WAY Sold Prices

Land registry data shows two sales for 7 FOTHERGILL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Shropshire local authority area for the corresponding sale date. Both of the two 7 FOTHERGILL WAY 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
2020 7 SEP	£142,500	£161,827	12% below HPI
2016 26 AUG	£129,950	£145,611	11% below HPI

7 FOTHERGILL WAY 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 two 7 FOTHERGILL WAY sales from August 2016 and September 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 August 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 7 FOTHERGILL WAY be worth now?

7 FOTHERGILL WAY might now be worth an estimated £179,099.

This is based on house price inflation of 25.7%, between September 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 25.7% inflationary increase is applied to the most recent sale price for 7 FOTHERGILL WAY of £142,500 on 7th September 2020. For the value to have increased from £142,500 to £179,099 over the five years and three months to June 2025, the following assumptions must hold true:

• The value of 7 FOTHERGILL WAY has moved in line with the HPI for terraced houses in the Shropshire local authority area.
• The September 2020 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FOTHERGILL WAY has not materially changed since September 2020.

How Large is 7 FOTHERGILL WAY?

7 FOTHERGILL WAY is 89m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% 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 7 FOTHERGILL WAY lies on this distribution: 40% of terraced houses houses are smaller than 7 FOTHERGILL WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Wem.

7 FOTHERGILL WAY: Plot and Title Map

7 FOTHERGILL WAY sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 7 FOTHERGILL WAY, 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 7 FOTHERGILL WAY). 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 7 FOTHERGILL WAY?

7 FOTHERGILL WAY is located in WEM, in the SY4 postcode district. The below map shows the position of No. 7 on FOTHERGILL WAY.