THE FIRS, PARK ROAD, WEM, SHREWSBURY, SY4 5DA - £285,000

THE FIRS is a midsized detached house of 96m², built sometime between 1976 and 1982. It was last sold for £285,000 in May 2019, which was around 7% below the average May 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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 THE FIRS 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 30 MAY	£285,000	£307,675	7% below HPI
2004 11 JUN	£215,000	£219,342	2% below HPI

THE FIRS 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 THE FIRS sales from June 2004 and May 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 2004 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2019 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is THE FIRS?

THE FIRS is 96m² according to the EPC inspection conducted in April 2018. 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 THE FIRS lies on this distribution: 48% of detached houses are smaller than THE FIRS, and 51% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.210 of an acre, or 849m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on PARK ROAD in WEM, in the SY4 postcode district. The below map shows the position of THE FIRS on PARK ROAD.