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Well Mead Lane, SY5 Property Price Report
Get under the surface of Well Mead Lane’s property market in the SY5 district in Shrewsbury, and how it compares across the area.
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Associated Postcodes:
SY5 8EW
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House Prices > Shrewsbury > SY5 > Well Mead Lane
Street’s Property Overview
The Current Property Landscape of Well Mead Lane
- Since 2021, 5 properties on Well Mead Lane have been sold, fetching an average of £440,700. These homes typically cover 1,510 square feet, producing £304 per square foot.
- The sale history of properties on Well Mead Lane has ranged between £375,000 and £540,000, with per-square-foot costs flowing from £247 to £328.
- November 2023 saw the last house sale on Well Mead Lane.
Property Values vs the Vicinity
Well Mead Lane’s Market vs Surrounding Areas
By Locality
Longden
House prices in Longden trail Well Mead Lane by 28% on average. (£316,100 vs £440,700) This suggests that a property elsewhere in Longden might be valued around £124,600 lower than one on Well Mead Lane.
By Sector
SY5 8
Market comparisons reveal that properties on Well Mead Lane cost 32% more than those in the SY5 8 sector. (£440,700 vs £297,600). As such, a home of comparable size and specification on Well Mead Lane may require an additional investment of approximately £143,100 compared to other properties in the same sector.
By District
i.e. SY5
Property prices in the SY5 district are typically 36% lower than on Well Mead Lane. (£283,300 vs £440,700). Through the lens of affordability, a similar property in Well Mead Lane could command £157,400 more than district averages.
By City or Town
i.e. Shrewsbury
Shrewsbury is budget-friendly - Well Mead Lane, not so much at 43% more per home. (£440,700 vs £253,000). This indicates that purchasing elsewhere in Shrewsbury rather than Well Mead Lane could reduce your overall cost by £187,900.
What Makes This Street Unique
Additional Key Insights on Well Mead Lane
- With 18 properties to its name, this road is grouped under a single postcode.
- Well Mead Lane appears to be entirely made up of longstanding, previously owned properties.
- Average energy scores for Well Mead Lane homes sit at 67 (D), with an expected improvement to 79 (C).
- A typical property on Well Mead Lane provides 1,510 square feet of living space, standing at 31% more than what’s typical in Shrewsbury.
- Sales tend to happen sooner on this street, with the average gap at 17 months compared to 10.49 months in SY5.
Buyer’s Market Lowdown
Unpacking the Market in Shrewsbury, One Street at a Time
Thinking of a Shrewsbury purchase or investment? Our content uncovers top roads, market trends, and strategies for securing the right deal.
Also worth checking, the Shrewsbury House Prices page lays out how different property types have performed over the last several years.
Local Sights to Enjoy
Unpacking SY5: Insights & Info
If SY5 has piqued your interest, the fresh figures below may reinforce that instinct.
300
No. of Roads
2,459
No. of Transactions
£300K
Avg. Property Price
1,291
per sq/ft
Avg. Property Size
£242
per sq/ft
Avg. Cost Per Sq/Ft
Nearby Streets to Enjoy
Alternative Roads to Discover
Popular Roads in SY5
SY5 Roads with Similar Prices
- Hope Park Farm Junction To A488 Gravels
- Orchard Lane
- Meadow View
- Pound Lane
- Wigmore Lane
- Maithen Crescent
Roads Near Well Mead Lane
- Beech Close
- Bleachfield
- Bridge Lane
- Caradoc View
- Long Lane
- Longden Common Lane
