£522,514
This estimated value is based upon the latest sale price for the house of £487,000 on 29 Jun 2021. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £487,000 | 29 Jun 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 June 2021 the House Price Index for SHROPSHIRE was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £487,000 results in an estimated price of approximately £522,514.
| 29 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £487,000 | £35,514 | £522,514 |
The Postcode Pricing Model uses changes in average sales price within the TF11 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 | -39.007 % | £-189,963 | £297,036 |
| 3 Month Average | -29.282 % | £-142,602 | £344,397 |
| 6 Month Average | -29.496 % | £-143,647 | £343,352 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £235,486 | £232,000 | 26 LODGE CLOSE |
| 17 Nov 2023 | £619,167 | £610,000 | 28A WADLOW DRIVE |
| 30 Jun 2023 | £227,759 | £225,000 | 17 LODGE CLOSE |
| 14 Apr 2023 | £535,769 | £530,000 | 12 WADLOW DRIVE |
| 31 Mar 2023 | £196,855 | £195,000 | 5 LODGE CLOSE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 9 Mar 2015. Using an estimated price of £522,514 means this house is valued at £4,428 per sq meter (£411 per sq foot).
The average size of a house on PARK LANE is 170 sq meters (1,836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Park Lane | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wadlow Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wadlow Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Windmill View |