23, WELLGATE, WEM, SHREWSBURY, SY4 5ES - £160,000

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.

23 WELLGATE is a detached house, which could now be worth an estimated £275,806. It was last sold for £160,000 in July 2009, which was around 35% below the average July 2009 detached price in the Shropshire local authority area.

23 WELLGATE Sold Prices

Land registry data shows three sales for 23 WELLGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 23 WELLGATE 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
2009 22 JUL	£160,000	£245,000	35% below HPI
2001 16 JAN	£92,500	£131,334	30% below HPI
1996 11 OCT	£69,500	£88,913	22% below HPI

What might 23 WELLGATE be worth now?

23 WELLGATE might now be worth an estimated £275,806.

This is based on house price inflation of 72.4%, between July 2009 and May 2026, 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 72.4% inflationary increase is applied to the most recent sale price for 23 WELLGATE of £160,000 on 22nd July 2009. For the value to have increased from £160,000 to £275,806 over the seventeen years and two months to May 2026, the following assumptions must hold true:

• The value of 23 WELLGATE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2009 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WELLGATE has not materially changed since July 2009.

Where is 23 WELLGATE?

23 WELLGATE is located in WEM, in the SY4 postcode district.