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House Prices in SY4 House Prices in SY4 (Shrewsbury)

The average house price in SY4 (Shrewsbury) is £365,250 using HM Land Registry data.

The average property price increased by £97,419 (25.83%) over the last 5 years and increased by £19,475 (3.9%) over the last 12 months.

Over the last year, there were 246 residential property sales – a decrease of 92 transactions (-37.40%) relative to the previous year. The majority of house sales (70) were in the £240,000 - £330,000 range. Then came properties in the £150,000 - £240,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,695 (-3%).

In June 2024, there were 78 new estate agency instructions, 57 agreed home sales and 44 property price reductions.

Nearby Postcodes: CH3, CW3, CW5, CW6, LD1, LD5, LD6, LD7, LL13, LL14, LL20, LL21, LL23, LL35, LL36, LL40, SA19, SA20, SA46, SA48, ST20, ST21, ST5, SY1, SY10, SY11, SY12, SY13, SY14, SY15, SY16, SY17, SY18, SY19, SY2, SY20, SY21, SY22, SY23, SY24, SY25, SY3, SY5, SY6, SY7, SY9, TF1, TF10, TF13, TF2, TF4, TF5, TF6, TF8, TF9

5-Year Average Property Prices in SY4 (Shrewsbury)

25.83%

Property prices in Shrewsbury increased by 25.83% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SY4 (Shrewsbury) Over the Last Year

3.9%

Property prices in Shrewsbury increased by 3.9% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SY4 (Shrewsbury) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SY4 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SY4 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SY4 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SY4 (Shrewsbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY4 postcode area since 1995.

Recent Sales in SY4 (Shrewsbury)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Ruyton House, School Road, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1JT£650,000£650,000£0010 Nov 202317 May 2024189 Days
15 Wellgate, Wem, Shrewsbury, Shropshire, SY4 5ES£235,000£210,000-£25,00010 Apr 202415 May 202435 Days
38 Tilley Road, Wem, Shrewsbury, Shropshire, SY4 5HD£210,000£180,000-£30,00012 Jul 202315 May 2024308 Days
The Haven, Station Road, Baschurch, Shrewsbury, Shropshire, SY4 2BB£550,000£550,000£0017 Jul 202310 May 2024298 Days
1 Bowens Field, Wem, Shrewsbury, Shropshire, SY4 5AR£400,000£395,000-£5,00013 Nov 202310 May 2024179 Days
Ty Newydd, Pelham Road, Upton Magna, Shrewsbury, Shropshire, SY4 4UA£495,000£480,000-£15,00011 Jan 202430 Apr 2024110 Days
6 School Road, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1JT£250,000£247,000-£3,00013 Oct 202326 Apr 2024196 Days
26 Lowe Hill Road, Wem, Shrewsbury, Shropshire, SY4 5UA£225,000£225,000£0013 Nov 202305 Apr 2024144 Days
14 Soulton Crescent, Wem, Shrewsbury, Shropshire, SY4 5HY£250,000£241,500-£8,50025 Aug 202328 Mar 2024216 Days
17 Pantulf Road, Wem, Shrewsbury, Shropshire, SY4 5LT£250,000£240,000-£10,00012 Aug 202328 Mar 2024229 Days
4 Arundel Close, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1LU£250,000£248,000-£2,00010 Nov 202326 Mar 2024137 Days
Pipers Grove, Marton Lane, Weston Lullingfields, Shrewsbury, Shropshire, SY4 2LN£425,000£425,000£0006 Nov 202322 Mar 2024137 Days
8 Drawwell Lane, Wem, Shrewsbury, Shropshire, SY4 5ET£315,000£295,000-£20,00013 Sep 202307 Mar 2024176 Days
Bryngwyn, Church Road, Baschurch, Shrewsbury, Shropshire, SY4 2EG£340,000£322,000-£18,00030 Oct 202328 Feb 2024121 Days
8 Lowe Hill Road, Wem, Shrewsbury, Shropshire, SY4 5UA£200,000£185,000-£15,00013 Sep 202316 Feb 2024156 Days
Millway, Prescott Road, Prescott, Shrewsbury, Shropshire, SY4 2DP£425,000£404,000-£21,00020 Sep 202308 Feb 2024141 Days
16 Summerfield Road, Wem, Shrewsbury, Shropshire, SY4 5BW£370,000£349,000-£21,00004 Aug 202308 Feb 2024188 Days
The Old Well House, 3, Greenfields, Weston Lullingfields, Shrewsbury, Shropshire, SY4 2AF£315,000£307,000-£8,00001 Aug 202331 Jan 2024183 Days
8 Grove Court, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1JR£342,995£340,000-£2,99531 Jul 202326 Jan 2024179 Days
4 The Oaklands, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1HT£295,000£290,000-£5,00029 Aug 202326 Jan 2024150 Days

Most Expensive Streets in SY4 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY4 5PPThe Whym, WemShrewsbury£841,6663
SY4 1FDWaterside View, MyttonShrewsbury£784,3333
SY4 2LGLittle NessShrewsbury£680,5005
SY4 5SUBurltonShrewsbury£662,8673
SY4 4QAWithingtonShrewsbury£611,2504
SY4 3LENew Street, CliveShrewsbury£605,8333
SY4 4QSRodingtonShrewsbury£600,8333
SY4 1FBYell Bank, Montford BridgeShrewsbury£591,6663
SY4 4BPAstleyShrewsbury£565,3754
SY4 2HAStanwardineShrewsbury£565,0003

Least Expensive Streets in SY4 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY4 5EAMarket Street, WemShrewsbury£50,8333
SY4 5DWHomelea, High Street, WemShrewsbury£78,8754
SY4 5TWSomerset Way, WemShrewsbury£103,3333
SY4 5JSCastle Court, WemShrewsbury£114,1248
SY4 5BDCordwell Park, WemShrewsbury£132,1663
SY4 5YPButler Road, WemShrewsbury£132,2484
SY4 5BBCordwell Park, WemShrewsbury£133,3333
SY4 5TZLowe Hill Gardens, WemShrewsbury£137,2504
SY4 5DZNoble Street, WemShrewsbury£145,3005
SY4 5AFNew Street, WemShrewsbury£146,2077

Explore SY4 (Shrewsbury) using map

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