£213,785
This estimated value is based upon the latest sale price for the house of £119,000 on 1 Sep 2009. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £119,000 | 1 Sep 2009 |
| £59,950 | 4 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 September 2009 the House Price Index for SHROPSHIRE was 83.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 79.652%.Applying this 79.652% change to the original purchase price of £119,000 results in an estimated price of approximately £213,785.
| 1 Sep 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 149.7 | 79.652 % | £119,000 | £94,785 | £213,785 |
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 | 54.363 % | £64,692 | £183,692 |
| 3 Month Average | 46.943 % | £55,861 | £174,861 |
| 6 Month Average | 57.905 % | £68,907 | £187,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £261,642 | £255,000 | 8 ST GEORGES STREET |
| 24 Nov 2023 | £271,902 | £265,000 | 8 DRINKWATER STREET |
| 7 Sep 2023 | £213,711 | £209,000 | 3 LLEWELLYN PLACE |
| 30 Jun 2023 | £280,624 | £275,000 | 19 MOUNT STREET |
| 6 Apr 2023 | £231,836 | £227,500 | 12 MOUNT STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 16 Jul 2018. Using an estimated price of £213,786 means this house is valued at £3,239 per sq meter (£300 per sq foot).
The average size of a house on NETTLES LANE is 83 sq meters (893 sq feet).