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

7 LACON DRIVE is a small detached house of 88m², built sometime between 1976 and 1982. It was last sold for £215,000 in July 2019, which was around 30% 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	£307,300	30% below HPI
2013 28 JUN	£153,000	£253,034	40% 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 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2019 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 7 LACON DRIVE lies on this distribution: 39% of detached 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 0.107 of an acre, or 432m². 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.