7, LACON DRIVE, WEM, SHREWSBURY, SY4 5JA - £215,000

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.

7 LACON DRIVE is a small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £279,659. It was last sold for £215,000 in July 2019, which was around 32% below the average July 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

7 LACON DRIVE Sold Prices

Land registry data shows two sales for 7 LACON DRIVE 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 7 LACON DRIVE 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
2019 8 JUL	£215,000	£315,884	32% below HPI
2013 28 JUN	£153,000	£260,101	41% below HPI

7 LACON DRIVE 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 7 LACON DRIVE sales from June 2013 and July 2019 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 June 2013 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2019 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 LACON DRIVE be worth now?

7 LACON DRIVE might now be worth an estimated £279,659.

This is based on house price inflation of 30.1%, between July 2019 and June 2025, 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 30.1% inflationary increase is applied to the most recent sale price for 7 LACON DRIVE of £215,000 on 8th July 2019. For the value to have increased from £215,000 to £279,659 over the six years and one month to June 2025, the following assumptions must hold true:

• The value of 7 LACON DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LACON DRIVE has not materially changed since July 2019.

How Large is 7 LACON DRIVE?

7 LACON DRIVE is 88m² according to the EPC inspection conducted in February 2019. 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 7 LACON DRIVE lies on this distribution: 39% of detached houses houses are smaller than 7 LACON DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Wem.

7 LACON DRIVE: Plot and Title Map

7 LACON DRIVE sits on a plot of roughly 4.5 acres, or 18,245m². The below map shows the location of 7 LACON DRIVE, 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 LACON DRIVE). 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 LACON DRIVE?

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