£203,523
This estimated value is based upon the latest sale price for the house of £157,000 on 15 May 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£157,000 | 15 May 2017 |
Detached |
Freehold |
Floor Area: 87 sq meters or 936 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 £157,000 results in an estimated price of approximately £203,523.
15 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 149.7 | 29.633 % | £157,000 | £46,523 | £203,523 |
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 | 141.308 % | £221,854 | £378,854 |
3 Month Average | 42.605 % | £66,889 | £223,889 |
6 Month Average | 26.629 % | £41,806 | £198,806 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 May 2024 | £108,000 | £108,000 | UNIT 9 MAER LANE INDUSTRIAL ESTATE |
25 Mar 2024 | £111,716 | £110,000 | 28 HAWTHORN WAY |
15 Nov 2023 | £148,777 | £145,000 | 11 ROWAN ROAD |
4 Apr 2023 | £239,479 | £235,000 | 5 SMITHFIELD CLOSE |
24 Mar 2023 | £226,279 | £222,500 | 6 GROSVENOR ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 21 Mar 2017. Using an estimated price of £203,524 means this house is valued at £2,339 per sq meter (£217 per sq foot).
The average size of a house on CAMPBELL ROAD is 80 sq meters (865 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (936 sq feet).