According to the public record, 42, Somerset Way, Shrewsbury is a mid-century freehold house and with 559 ft2 of internal area and sits on a 649 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Somerset Way, Wem, Shrewsbury, SY4 is located within the SY4 postal district.
42, Somerset Way, Shrewsbury has 21 entries in the Land Registry database, most recently in March 2018 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 42 Somerset Way Shrewsbury as £222,471 and the rental value as £827 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 42 Somerset Way Shrewsbury has increased by £9,785 (4.4%) and its rental value has increased by £32 per month (3.8%).
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 42, Somerset Way, Shrewsbury is in very good condition we estimate a sale value of £233,594 and rental value of £869 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £206,898 and a rental value of £769 per month.
If you were able to purchase this property for the estimated value of £222,471, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,093 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, 42, Somerset Way, Shrewsbury sits on a plot of 649m2.
We have plot size data on 18 out of 35 other houses in the postcode and 42, Somerset Way, Shrewsbury sits on the largest plot.
According to HM Land Registry, 42, Somerset Way, Shrewsbury was last sold on 05 Mar 2018 for £193,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2018, the market for similar properties has risen 37.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Somerset Way, Shrewsbury within a radius of 124m over the last 2 years.
The most recent example is 29, Davies Drive, Shrewsbury, SY4 5YW, a Freehold house which sold for £262,000 in Nov 2023.
Read more about house prices in SY4.
Somerset Way, Wem, Shrewsbury, SY4 has a total of 69 addresses. According to our analysis of all the public data, 42, Somerset Way, Shrewsbury is the 64th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £110k less expensive than the average property in SY4.
42, Somerset Way, Shrewsbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Apr 2017.
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 42, Somerset Way, Shrewsbury is Wem station which is 900 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 42, Somerset Way, Shrewsbury, 47.5% of property is privately owned outright and 25.4% 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 42, Somerset Way, Shrewsbury, 18.3% of residents are recorded as possessing school level qualifications and 24.5% 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 42, Somerset Way, 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 42, Somerset Way, Shrewsbury, 0.3% 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 42, Somerset Way, Shrewsbury, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.