£116,612
This estimated value is based upon the latest sale price for the house of £20,500 on 11 Sep 1995. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£20,500 | 11 Sep 1995 |
Terraced |
Freehold |
Floor Area: 93 sq meters or 1,001 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 September 1995 the House Price Index for SHROPSHIRE was 26.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 468.842%.Applying this 468.842% change to the original purchase price of £20,500 results in an estimated price of approximately £116,612.
11 Sep 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.1 | 148.6 | 468.842 % | £20,500 | £96,112 | £116,612 |
The Postcode Pricing Model uses changes in average sales price within the TF7 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 | 277.415 % | £56,870 | £77,370 |
3 Month Average | 454.899 % | £93,254 | £113,754 |
6 Month Average | 325.241 % | £66,674 | £87,174 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £142,826 | £141,000 | 275 WESTBOURNE |
9 Aug 2023 | £93,316 | £92,500 | 257 WESTBOURNE |
25 Nov 2022 | £111,154 | £112,500 | 195 WESTBOURNE |
28 Oct 2022 | £116,248 | £117,500 | 189 WESTBOURNE |
20 Aug 2021 | £128,296 | £115,000 | 143 WESTBOURNE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 19 Aug 2015. Using an estimated price of £116,613 means this house is valued at £1,253 per sq meter (£116 per sq foot).
The average size of a house on WESTBOURNE is 83 sq meters (902 sq feet).