9, LACON DRIVE, WEM, SHREWSBURY, SY4 5JA - £230,000

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.

9 LACON DRIVE is a small detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £251,092. It was last sold for £230,000 in March 2022, which was around 39% below the average March 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was B.

9 LACON DRIVE Sold Prices

Land registry data shows two sales for 9 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 9 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
2022 25 MAR	£230,000	£376,369	39% below HPI
2004 6 AUG	£169,950	£242,362	30% below HPI

9 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 9 LACON DRIVE sales from August 2004 and March 2022 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 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 9 LACON DRIVE be worth now?

9 LACON DRIVE might now be worth an estimated £251,092.

This is based on house price inflation of 9.2%, between March 2022 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 9.2% inflationary increase is applied to the most recent sale price for 9 LACON DRIVE of £230,000 on 25th March 2022. For the value to have increased from £230,000 to £251,092 over the two years and nine months to June 2025, the following assumptions must hold true:

• The value of 9 LACON DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LACON DRIVE has not materially changed since March 2022.

How Large is 9 LACON DRIVE?

9 LACON DRIVE is 76m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 30% 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 9 LACON DRIVE lies on this distribution: 24% of detached houses houses are smaller than 9 LACON DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Wem.

9 LACON DRIVE: Plot and Title Map

9 LACON DRIVE sits on a plot of roughly 4.5 acres, or 18,245m². The below map shows the location of 9 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 9 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 9 LACON DRIVE?

9 LACON DRIVE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 9 on LACON DRIVE.