According to the public record, 13 Wem Mill, Shrewsbury is a modern leasehold apartment and with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wem Mill, Mill Street, Wem, Shrewsbury, SY4.
Mill Street, Wem, Shrewsbury, SY4 is located within the SY4 postal district.
13 Wem Mill, Shrewsbury has a single entry in the Land Registry database from May 2012 and no records in the EPC database.
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 13 Wem Mill Shrewsbury as £160,618 and the rental value as £571 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 13 Wem Mill Shrewsbury has increased by £5,655 (3.5%) and its rental value has increased by £16 per month (2.8%).
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 13 Wem Mill, Shrewsbury is in very good condition we estimate a sale value of £168,648 and rental value of £599 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,374 and a rental value of £531 per month.
If you were able to purchase this property for the estimated value of £160,618, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £789 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 HM Land Registry, 13 Wem Mill, Shrewsbury was last sold on 17 May 2012 for £125,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2012, the market for similar properties has risen 44.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 13 Wem Mill, Shrewsbury within a radius of 0m over the last 2 years.
The most recent example is 2 Wem Mill, Mill Street, Shrewsbury, SY4 5GB, a Leasehold flat which sold for £125,000 in May 2012.
Read more about house prices in SY4.
Mill Street, Wem, Shrewsbury, SY4 has a total of 131 addresses. According to our analysis of all the public data, 13 Wem Mill, Shrewsbury is the 51st largest and the 58th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in SY4.
13 Wem Mill, Shrewsbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Nov 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 13 Wem Mill, Shrewsbury is Wem station which is 600 m 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 13 Wem Mill, Shrewsbury, 46.1% of property is privately owned outright and 36.4% is privately rented.
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 13 Wem Mill, Shrewsbury, 11.8% of residents are recorded as possessing school level qualifications and 25.0% 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 13 Wem Mill, Shrewsbury, the average age was 45.1 and the most common age was 17.
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 13 Wem Mill, Shrewsbury, 0.7% 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 13 Wem Mill, Shrewsbury, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.