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House Prices in SY4 House Prices in SY4 (Shrewsbury)

The average house price in SY4 (Shrewsbury) is £314,232 using HM Land Registry data.

The average property price increased by £89,769 (25.83%) over the last 5 years and increased by £17,987 (3.9%) over the last 12 months.

Over the last year, there were 236 residential property sales – a decrease of 73 transactions (-30.93%) relative to the previous year. The majority of house sales (62) were in the £252,000 - £334,000 range. Then came properties in the £170,000 - £252,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,695 (-3%).

In Oct 24, there were 48 new estate agency instructions, 58 agreed home sales and 42 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) - Oct 24

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
5 Cambridge Close, Harmer Hill, Shrewsbury, Shropshire, SY4 3HG£375,000£370,000-£5,00026 Mar 202416 Aug 2024143 Days
80 Lowe Hill Road, Wem, Shrewsbury, Shropshire, SY4 5UT£339,950£339,950£0011 Mar 202406 Aug 2024148 Days
10 Park Road, Wem, Shrewsbury, Shropshire, SY4 5DA£189,999£185,000-£4,99901 Jun 202405 Aug 202465 Days
4 Lymore Close, Nesscliffe, Shrewsbury, Shropshire, SY4 1BB£350,000£350,000£0022 Feb 202402 Aug 2024162 Days
27 Shrewsbury Road, Bomere Heath, Shrewsbury, Shropshire, SY4 3NX£259,950£250,000-£9,95028 Mar 202401 Aug 2024126 Days
Myddle Heath, Myddle Hill, Myddle, Shrewsbury, Shropshire, SY4 3RW£295,000£270,000-£25,00026 Jan 202426 Jul 2024182 Days
21 Doctors Meadow, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1LX£400,000£380,000-£20,00007 Sep 202318 Jul 2024315 Days
3 The Wheatlands, Baschurch, Shrewsbury, Shropshire, SY4 2DL£230,000£200,000-£30,00003 Apr 202412 Jul 2024100 Days
4 Sefton Drive, Bomere Heath, Shrewsbury, Shropshire, SY4 3NL£315,000£285,000-£30,00010 Nov 202302 Jul 2024235 Days
9 Aston Road, Wem, Shrewsbury, Shropshire, SY4 5AZ£220,000£210,000-£10,00018 Sep 202328 Jun 2024284 Days
27 Eckford Park, Wem, Shrewsbury, Shropshire, SY4 5HL£365,000£355,000-£10,00005 Mar 202421 Jun 2024108 Days
43 Fismes Way, Wem, Shrewsbury, Shropshire, SY4 5YD£420,000£410,000-£10,00027 Mar 202420 Jun 202485 Days
Stepley, Kynaston Drive, Wem, Shrewsbury, Shropshire, SY4 5DE£450,000£445,000-£5,00028 Feb 202420 Jun 2024113 Days
2 Chapel Cottages, Forton Heath, Shrewsbury, Shropshire, SY4 1EY£240,000£230,000-£10,00031 Jan 202414 Jun 2024135 Days
35 Bridge Way, Shawbury, Shrewsbury, Shropshire, SY4 4PG£285,000£272,500-£12,50019 Jan 202413 Jun 2024146 Days
1 Peverey Close, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1LL£370,000£360,000-£10,00009 Feb 202411 Jun 2024123 Days
Milldene, Uffington Lane, Uffington, Shrewsbury, Shropshire, SY4 4SE£300,000£275,000-£25,00004 Dec 202306 Jun 2024185 Days
44 Fothergill Way, Wem, Shrewsbury, Shropshire, SY4 5NX£355,000£352,500-£2,50004 Jan 202405 Jun 2024153 Days
2 Birch Grove, Ruyton Xi Towns, Shrewsbury, Shropshire, SY4 1LH£155,000£144,000-£11,00003 Jan 202431 May 2024149 Days
Old Bakery, Shop Lane, Rodington Heath, Shrewsbury, Wrekin, SY4 4RB£650,000£635,000-£15,00015 Jan 202431 May 2024137 Days

Most Expensive Streets in SY4 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY4 5PPThe Whym, WemShrewsbury£841,6663
SY4 1FDWaterside View, MyttonShrewsbury£784,3333
SY4 3BUThe Hill, GrinshillShrewsbury£692,5004
SY4 2LGLittle NessShrewsbury£680,5005
SY4 5SUBurltonShrewsbury£662,8673
SY4 4QAWithingtonShrewsbury£611,2504
SY4 3LENew Street, CliveShrewsbury£605,8333
SY4 4EZHigh HattonShrewsbury£604,0004
SY4 1FBYell Bank, Montford BridgeShrewsbury£591,6663
SY4 4HEHazels Road, ShawburyShrewsbury£586,6663

Least Expensive Streets in SY4 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY4 5EAMarket Street, WemShrewsbury£81,6254
SY4 5DWHomelea, High Street, WemShrewsbury£89,3333
SY4 5TWSomerset Way, WemShrewsbury£103,3333
SY4 5JSCastle Court, WemShrewsbury£113,6656
SY4 5BDCordwell Park, WemShrewsbury£132,1663
SY4 5YPButler Road, WemShrewsbury£132,2484
SY4 5BBCordwell Park, WemShrewsbury£133,3333
SY4 5AFNew Street, WemShrewsbury£146,2077
SY4 4JTGlebelands, ShawburyShrewsbury£148,2503
SY4 5JTGarbet Close, WemShrewsbury£148,3333

Explore SY4 (Shrewsbury) using map

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