£294,690
This estimated value is based upon the latest sale price for the house of £225,000 on 3 Feb 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£225,000 | 3 Feb 2017 |
£159,000 | 12 Mar 2014 |
Semi-Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 February 2017 the House Price Index for SHROPSHIRE was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £225,000 results in an estimated price of approximately £294,690.
3 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £225,000 | £69,690 | £294,690 |
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 | 67.271 % | £151,359 | £376,359 |
3 Month Average | 31.342 % | £70,520 | £295,520 |
6 Month Average | 23.304 % | £52,433 | £277,433 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £182,611 | £177,000 | 5 TOWERS LAWN COURT |
15 Jul 2022 | £449,504 | £445,000 | 47 SMITHFIELD ROAD |
15 Jul 2022 | £292,885 | £289,950 | 40 SMITHFIELD ROAD |
1 Jul 2022 | £272,733 | £270,000 | 38A SMITHFIELD ROAD |
14 Dec 2021 | £178,086 | £165,000 | 11 TOWERS LAWN COURT |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 6 Jun 2016. Using an estimated price of £294,690 means this house is valued at £3,135 per sq meter (£291 per sq foot).
The average size of a house on SMITHFIELD ROAD is 85 sq meters (924 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near Parking Area | |
May 2024 | Anti-social behaviour | On or near Parking Area | |
May 2024 | Anti-social behaviour | On or near Parking Area | |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
Jun 2024 | Anti-social behaviour | On or near Parking Area |