£538,725
This estimated value is based upon the latest sale price for the house of £350,000 on 31 Jul 2014. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£350,000 | 31 Jul 2014 |
£128,500 | 28 Oct 1997 |
Detached |
Freehold |
Floor Area: 163 sq meters or 1,754 sq feet |
This model uses changes in the Official Land Registry House Price Index for SHROPSHIRE to estimate the market value.
When this house was purchased in July 2014 the House Price Index for SHROPSHIRE was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £350,000 results in an estimated price of approximately £538,725.
31 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.3 | 149.7 | 53.921 % | £350,000 | £188,725 | £538,725 |
The Postcode Pricing Model uses changes in average sales price within the WV16 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 25.130 % | £87,955 | £437,955 |
3 Month Average | 65.674 % | £229,859 | £579,859 |
6 Month Average | 54.847 % | £191,963 | £541,963 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Apr 2024 | £635,519 | £630,000 | 70 VICTORIA ROAD |
4 Mar 2024 | £267,104 | £263,000 | 15 ORCHARD DRIVE |
20 Dec 2023 | £211,499 | £205,000 | 16 WOODBERRY CLOSE |
1 Feb 2023 | £245,641 | £244,000 | 4 WOODBERRY CLOSE |
29 Jul 2022 | £218,802 | £216,610 | 2 WOODBERRY CLOSE |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 10 Mar 2014. Using an estimated price of £538,725 means this house is valued at £3,305 per sq meter (£307 per sq foot).
The average size of a house on CLAREMONT DRIVE is 109 sq meters (1,175 sq feet).
This house is the largest in the street with a floor area of 163 sq meters (1,754 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Other crime | Under investigation | On or near Victoria Road |
May 2024 | Other crime | Under investigation | On or near Victoria Road |
Apr 2024 | Drugs | Local resolution | On or near Victoria Road |