£540,433
This estimated value is based upon the latest sale price for the house of £500,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £500,000 | 30 Jun 2021 |
| Detached |
| Freehold |
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 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £500,000 results in an estimated price of approximately £540,433.
| 30 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £500,000 | £40,433 | £540,433 |
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 | 11.330 % | £56,651 | £556,651 |
| 3 Month Average | 40.968 % | £204,838 | £704,838 |
| 6 Month Average | 42.593 % | £212,964 | £712,964 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £287,293 | £280,000 | 71 RASTRICK CLOSE |
| 3 Nov 2023 | £287,293 | £280,000 | 57 RASTRICK CLOSE |
| 30 Jun 2023 | £272,460 | £267,000 | 73 RASTRICK CLOSE |
| 6 Jan 2023 | £273,731 | £273,000 | 40 WENLOCK RISE |
| 9 Sep 2022 | £464,690 | £465,000 | HUNDRED HOUSE FARM LUDLOW ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Ludlow Road |
| May 2024 | Drugs | Unable to prosecute suspect | On or near Ludlow Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maudlins Close |
| May 2024 | Violence and sexual offences | Under investigation | On or near Rastrick Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rastrick Close |