7, BAILEY CLOSE, WEM, SHREWSBURY, SY4 5UR - £260,000

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 BAILEY CLOSE is a midsized extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £305,934. It was last sold for £260,000 in August 2021, which was around 28% below the average August 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was F, and the potential energy rating was C.

7 BAILEY CLOSE Sold Prices

Land registry data shows one sale for 7 BAILEY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Shropshire local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 27 AUG	£260,000	£358,918	28% below HPI

What might 7 BAILEY CLOSE be worth now?

7 BAILEY CLOSE might now be worth an estimated £305,934.

This is based on house price inflation of 17.7%, between August 2021 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 17.7% inflationary increase is applied to the most recent sale price for 7 BAILEY CLOSE of £260,000 on 27th August 2021. For the value to have increased from £260,000 to £305,934 over the five years and three months to May 2026, the following assumptions must hold true:

• The value of 7 BAILEY CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BAILEY CLOSE has not materially changed since August 2021.

How Large is 7 BAILEY CLOSE?

7 BAILEY CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% 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 BAILEY CLOSE lies on this distribution: 43% of detached houses are smaller than 7 BAILEY CLOSE, and 55% of detached houses are larger. Note that EPC data is not available for all properties in Wem.

7 BAILEY CLOSE: Plot

7 BAILEY CLOSE sits on a plot of roughly 0.131 of an acre, or 532m².

Where is 7 BAILEY CLOSE?

7 BAILEY CLOSE is located in WEM, in the SY4 postcode district.