£321,700
This estimated value is based upon the latest sale price for the house of £250,000 on 19 May 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£250,000 | 19 May 2017 |
£157,500 | 28 Nov 2003 |
Detached |
Freehold |
Floor Area: 76 sq meters or 818 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 2017 the House Price Index for SHROPSHIRE was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £250,000 results in an estimated price of approximately £321,700.
19 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 148.6 | 28.680 % | £250,000 | £71,700 | £321,700 |
The Postcode Pricing Model uses changes in average sales price within the SY3 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 | 23.614 % | £59,035 | £309,035 |
3 Month Average | 26.612 % | £66,529 | £316,529 |
6 Month Average | 30.371 % | £75,926 | £325,926 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £338,421 | £332,500 | 23 MELTON WAY |
9 Aug 2023 | £161,412 | £160,000 | 7 BANK FARM MEWS |
13 Jun 2023 | £131,594 | £130,000 | 6 RADBROOK HOUSE, 46 STANHILL ROAD |
20 Feb 2023 | £192,371 | £192,500 | 16 RADBROOK HOUSE, 46 STANHILL ROAD |
18 Nov 2022 | £370,512 | £375,000 | 3 MELTON WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 15 Feb 2017. Using an estimated price of £321,701 means this house is valued at £4,232 per sq meter (£393 per sq foot).
The average size of a house on MELTON WAY is 129 sq meters (1,398 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other crime | Under investigation | On or near Cotshore Drive |
Jan 2024 | Criminal damage and arson | Under investigation | On or near Cotshore Drive |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Shopping Area |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |