According to the public record, 48, Somerset Way, Shrewsbury is a modern house with 559 ft2 of internal area and sits on a 429 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.
48, Somerset Way, Shrewsbury has no recent1 records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 48 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 48 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 48, 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, 48, Somerset Way, Shrewsbury sits on a plot of 429m2.
We have plot size data on 18 out of 35 other houses in the postcode and 48, Somerset Way, Shrewsbury sits on the 4th largest plot.
According to HM Land Registry, 48, Somerset Way, Shrewsbury was last sold on 13 Nov 1998 for £60,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Somerset Way, Shrewsbury within a radius of 228m over the last 2 years.
The most recent example is 71, Trentham Road, Shrewsbury, SY4 5HN, a Freehold house which sold for £215,000 in Aug 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, 48, Somerset Way, Shrewsbury is the 65th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £110k less expensive than the average property in SY4.
48, Somerset Way, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Mar 2022.
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 48, 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 48, 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 48, 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 48, 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 48, 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 48, 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.