£301,979
This estimated value is based upon the latest sale price for the house of £232,950 on 26 May 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £232,950 | 26 May 2017 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £232,950 results in an estimated price of approximately £301,979.
| 26 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £232,950 | £69,029 | £301,979 |
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 | 20.231 % | £47,127 | £280,077 |
| 3 Month Average | 24.205 % | £56,386 | £289,336 |
| 6 Month Average | 28.923 % | £67,376 | £300,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £309,759 | £305,000 | 13 MERCERS LANE |
| 1 Mar 2024 | £441,788 | £435,000 | 21 MERCERS LANE |
| 23 Jun 2023 | £326,544 | £320,000 | 9 TANNERSDALE |
| 23 Jun 2023 | £294,910 | £289,000 | 48 DRAPERS RISE |
| 19 Jun 2023 | £311,237 | £305,000 | 19 MERCERS LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 5 May 2017. Using an estimated price of £301,980 means this house is valued at £3,511 per sq meter (£326 per sq foot).
The average size of a house on TANNERSDALE is 92 sq meters (990 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chantry Place |
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Mercers Lane |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mercers Lane |
| Aug 2024 | Burglary | Under investigation | On or near Sweetlake Court |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bank Drive West |