£395,853
This estimated value is based upon the latest sale price for the house of £195,000 on 21 May 2004. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £195,000 | 21 May 2004 |
| £136,000 | 4 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 98 sq meters or 1,063 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 May 2004 the House Price Index for SHROPSHIRE was 73.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 103.002%.Applying this 103.002% change to the original purchase price of £195,000 results in an estimated price of approximately £395,853.
| 21 May 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 149.7 | 103.002 % | £195,000 | £200,853 | £395,853 |
The Postcode Pricing Model uses changes in average sales price within the SY1 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 | 51.163 % | £99,767 | £294,767 |
| 3 Month Average | 68.037 % | £132,672 | £327,672 |
| 6 Month Average | 75.552 % | £147,325 | £342,325 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £196,023 | £190,000 | 4 ALBAFONT TERRACE |
| 2 Oct 2023 | £268,089 | £262,000 | 59 ST MICHAELS GATE |
| 29 Sep 2023 | £186,102 | £182,000 | 7 CORNMILL SQUARE |
| 4 Sep 2023 | £211,666 | £207,000 | 13 NEW PARK ROAD |
| 31 Mar 2023 | £162,717 | £160,000 | 5 CORNMILL SQUARE |
This house has a floor area of 98 sq meters or 1,063 sq feet when measured on 21 Jun 2011. Using an estimated price of £395,853 means this house is valued at £4,007 per sq meter (£372 per sq foot).
The average size of a house on CORNMILL SQUARE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cornmill Square |
| Jul 2024 | Anti-social behaviour | On or near Cornmill Square | |
| Jul 2024 | Anti-social behaviour | On or near Cornmill Square | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cornmill Square |
| Jun 2024 | Public order | Under investigation | On or near Cornmill Square |