According to the public record, 12, Well Mead Lane, Shrewsbury is a modern freehold house with 1,653 ft2 of internal area and sits on a 876 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Well Mead Lane, Longden, Shrewsbury, SY5 is located within the SY5 postal district.
12, Well Mead Lane, Shrewsbury has a single entry in the Land Registry database from June 2009 and a single entry in the EPC database dated April 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Well Mead Lane Shrewsbury as £590,488 and the rental value as £1,460 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of 12 Well Mead Lane Shrewsbury has decreased by £9,974 (1.7%) and its rental value has decreased by £4 per month (0.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 12, Well Mead Lane, Shrewsbury is in very good condition we estimate a sale value of £620,012 and rental value of £1,533 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £549,153 and a rental value of £1,358 per month.
If you were able to purchase this property for the estimated value of £590,488, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,902 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 12, Well Mead Lane, Shrewsbury sits on a plot of 876m2.
We have plot size data on 10 out of 16 other houses in the postcode and 12, Well Mead Lane, Shrewsbury sits on the 7th largest plot.
According to HM Land Registry, 12, Well Mead Lane, Shrewsbury was last sold on 03 Jun 2009 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2009, the market for similar properties has risen 60.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Well Mead Lane, Shrewsbury within a radius of 4.0 kilometres over the last 2 years.
The most recent example is 10, Well Mead Lane, Shrewsbury, SY5 8EW, a Freehold house which sold for £540,000 in Mar 2023.
Read more about house prices in SY5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Well Mead Lane, Longden, Shrewsbury, SY5 has a total of 16 addresses. According to our analysis of all the public data, 12, Well Mead Lane, Shrewsbury is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £260k more expensive than the average property in SY5.
12, Well Mead Lane, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 2009.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 12, Well Mead Lane, Shrewsbury is Shrewsbury station which is 8.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Well Mead Lane, Shrewsbury, 51.3% of property is privately owned outright and 22.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Well Mead Lane, Shrewsbury, 16.6% of residents are recorded as possessing school level qualifications and 38.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Well Mead Lane, Shrewsbury, the average age was 46.4 and the most common age was 57.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Well Mead Lane, Shrewsbury, 0.6% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Well Mead Lane, Shrewsbury, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.