£147,871
This estimated value is based upon the latest sale price for the house of £120,000 on 30 Nov 2018. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
There has been one burglary within the last year on or near Tern Ridge
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| Price Paid | Date |
|---|---|
| £120,000 | 30 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 November 2018 the House Price Index for SHROPSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £120,000 results in an estimated price of approximately £147,871.
| 30 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £120,000 | £27,871 | £147,871 |
The Postcode Pricing Model uses changes in average sales price within the TF9 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 | 30.480 % | £36,575 | £156,575 |
| 3 Month Average | 22.543 % | £27,051 | £147,051 |
| 6 Month Average | 24.979 % | £29,974 | £149,974 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £298,821 | £295,000 | STAGS HEAD GREAT HALES STREET |
| 8 Mar 2023 | £79,751 | £79,000 | 4 CROSS STREET |
| 28 Nov 2022 | £612,580 | £620,000 | PRIMROSE COTTAGE TERN RIDGE |
| 14 Oct 2022 | £174,620 | £176,500 | 44 GREAT HALES STREET |
| 14 Sep 2022 | £158,718 | £160,000 | HIGHBURY HOUSE GREAT HALES STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 8 Sep 2018. Using an estimated price of £147,872 means this house is valued at £3,080 per sq meter (£286 per sq foot).
The average size of a house on GREAT HALES STREET is 136 sq meters (1,464 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Tern Ridge |
| Apr 2024 | Drugs | Local resolution | On or near Great Hales Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |