£392,071
This estimated value is based upon the latest sale price for the house of £385,000 on 21 Aug 2023. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £385,000 | 21 Aug 2023 |
| £325,000 | 18 Dec 2020 |
| £290,000 | 20 Nov 2009 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 August 2023 the House Price Index for SHROPSHIRE was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £385,000 results in an estimated price of approximately £392,071.
| 21 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £385,000 | £7,071 | £392,071 |
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 | -18.501 % | £-71,227 | £313,772 |
| 3 Month Average | 5.983 % | £23,034 | £408,034 |
| 6 Month Average | -0.662 % | £-2,550 | £382,449 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £266,720 | £259,950 | 10 KING CHARLES WAY |
| 10 Nov 2023 | £559,195 | £545,000 | 22 BRAMBLE RIDGE |
| 8 Sep 2023 | £503,601 | £492,500 | 12 SOUTHWELL RIVERSIDE |
| 23 Aug 2023 | £509,184 | £500,000 | 3 SOUTHWELL RIVERSIDE |
| 21 Aug 2023 | £392,071 | £385,000 | 17 ABBOTTS WAY |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 20 May 2020. Using an estimated price of £392,071 means this house is valued at £3,294 per sq meter (£306 per sq foot).
The average size of a house on ABBOTTS WAY is 120 sq meters (1,300 sq feet).