£180,618
This estimated value is based upon the latest sale price for the house of £113,000 on 6 Jun 2007. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £113,000 | 6 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 June 2007 the House Price Index for SHROPSHIRE was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £113,000 results in an estimated price of approximately £180,618.
| 6 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £113,000 | £67,618 | £180,618 |
The Postcode Pricing Model uses changes in average sales price within the TF9 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 | 44.933 % | £50,774 | £163,774 |
| 3 Month Average | 39.578 % | £44,723 | £157,723 |
| 6 Month Average | 51.606 % | £58,315 | £171,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £165,000 | £165,000 | 128 SHREWSBURY ROAD |
| 26 Apr 2024 | £232,015 | £230,000 | 74 PROSPECT ROAD |
| 18 Dec 2023 | £164,041 | £159,000 | 120 SHREWSBURY ROAD |
| 30 Nov 2023 | £109,787 | £107,000 | 1 PROSPECT COURT ALEXANDRA ROAD |
| 26 Apr 2023 | £324,061 | £318,000 | 68 PROSPECT ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 10 Mar 2020. Using an estimated price of £180,618 means this house is valued at £2,866 per sq meter (£266 per sq foot).
The average size of a house on OAKFIELD ROAD is 76 sq meters (828 sq feet).