£627
This estimated value is based upon the latest sale price for the house of £500 on 31 Jan 2018. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £500 | 31 Jan 2018 |
| £390,000 | 21 Jan 2011 |
| £415,000 | 8 Dec 2006 |
| £320,000 | 31 Oct 2003 |
| Freehold |
| Floor Area: 195 sq meters or 2,108 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 January 2018 the House Price Index for SHROPSHIRE was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £500 results in an estimated price of approximately £627.
| 31 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £500 | £127 | £627 |
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 | -16.192 % | £-80 | £419 |
| 3 Month Average | 15.178 % | £75 | £575 |
| 6 Month Average | 6.913 % | £34 | £534 |
| 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 195 sq meters or 2,108 sq feet when measured on 2 Sep 2010. Using an estimated price of £628 means this house is valued at £3 per sq meter (£0 per sq foot).
The average size of a house on PARK LANE is 170 sq meters (1,836 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Lane |
| Mar 2024 | Anti-social behaviour | On or near Park Lane | |
| 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 |