£606,816
This estimated value is based upon the latest sale price for the house of £375,000 on 27 Apr 2007. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £375,000 | 27 Apr 2007 |
| Detached |
| Freehold |
| Floor Area: 189 sq meters or 2,034 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 2007 the House Price Index for SHROPSHIRE was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £375,000 results in an estimated price of approximately £606,816.
| 27 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £375,000 | £231,816 | £606,816 |
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 | 175.254 % | £657,201 | £1,032,201 |
| 3 Month Average | 49.291 % | £184,842 | £559,842 |
| 6 Month Average | 40.823 % | £153,088 | £528,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £523,283 | £510,000 | 15 MEAD WAY |
| 6 Apr 2023 | £224,193 | £220,000 | 98 STONE DRIVE |
| 6 Apr 2023 | £326,099 | £320,000 | 31 SILVERMERE PARK |
| 31 Mar 2023 | £414,421 | £407,500 | 24 SPRINGHILL |
| 14 Jul 2022 | £606,073 | £600,000 | 4 STAFFORD PLACE |
This house has a floor area of 189 sq meters or 2,034 sq feet when measured on 20 Oct 2017. Using an estimated price of £606,817 means this house is valued at £3,210 per sq meter (£298 per sq foot).
There is one other house on the street which we know the size of, this is 4 MERE CLOSE it is 92.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springhill |