£224,882
This estimated value is based upon the latest sale price for the house of £182,500 on 28 May 2020. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£182,500 | 28 May 2020 |
Semi-Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 2020 the House Price Index for SHROPSHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £182,500 results in an estimated price of approximately £224,882.
28 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £182,500 | £42,382 | £224,882 |
The Postcode Pricing Model uses changes in average sales price within the SY7 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 | 239.572 % | £437,218 | £619,718 |
3 Month Average | 48.477 % | £88,470 | £270,970 |
6 Month Average | 23.159 % | £42,265 | £224,765 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 May 2024 | £339,995 | £339,995 | 14 REDLAKE MEADOW |
27 Nov 2023 | £107,735 | £105,000 | 22 CHESTNUT MEADOW |
15 Nov 2023 | £336,030 | £327,500 | OAK BANK DOG KENNEL LANE |
3 Nov 2023 | £153,907 | £150,000 | 2 REDLAKE PLACE |
17 Apr 2023 | £234,384 | £230,000 | 12 REDLAKE MEADOW |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 20 Mar 2020. Using an estimated price of £224,883 means this house is valued at £2,121 per sq meter (£197 per sq foot).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redlake Meadow |
Apr 2024 | Anti-social behaviour | On or near Petrol Station | |
Apr 2024 | Anti-social behaviour | On or near Petrol Station | |
Apr 2024 | Anti-social behaviour | On or near Petrol Station | |
Apr 2024 | Anti-social behaviour | On or near Petrol Station |