£577,462
This estimated value is based upon the latest sale price for the house of £308,000 on 21 Apr 2005. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £308,000 | 21 Apr 2005 |
| £295,000 | 16 Jul 2004 |
| £69,000 | 30 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 April 2005 the House Price Index for SHROPSHIRE was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.488%.Applying this 87.488% change to the original purchase price of £308,000 results in an estimated price of approximately £577,462.
| 21 Apr 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 149.7 | 87.488 % | £308,000 | £269,462 | £577,462 |
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 | 66.636 % | £205,239 | £513,239 |
| 3 Month Average | 74.745 % | £230,213 | £538,213 |
| 6 Month Average | 72.899 % | £224,529 | £532,529 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £253,901 | £250,000 | SEVERN COTTAGE BANDON LANE |
| 24 Nov 2023 | £266,720 | £259,950 | 10 KING CHARLES WAY |
| 8 Sep 2023 | £503,601 | £492,500 | 12 SOUTHWELL RIVERSIDE |
| 23 Aug 2023 | £509,184 | £500,000 | 3 SOUTHWELL RIVERSIDE |
| 21 Aug 2023 | £392,071 | £385,000 | 17 ABBOTTS WAY |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 26 Sep 2012. Using an estimated price of £577,463 means this house is valued at £4,154 per sq meter (£385 per sq foot).
The average size of a house on SOUTHWELL RIVERSIDE is 152 sq meters (1,639 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Greyfriars |
| Jul 2024 | Anti-social behaviour | On or near Friar'S Street | |
| Jul 2024 | Anti-social behaviour | On or near Friar'S Street | |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Friar'S Street |