£322,518
This estimated value is based upon the latest sale price for the house of £245,000 on 12 Jan 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £245,000 | 12 Jan 2017 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 January 2017 the House Price Index for SHROPSHIRE was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £245,000 results in an estimated price of approximately £322,518.
| 12 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £245,000 | £77,518 | £322,518 |
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 | 18.608 % | £45,590 | £290,590 |
| 3 Month Average | 32.536 % | £79,713 | £324,713 |
| 6 Month Average | 36.241 % | £88,790 | £333,790 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £232,015 | £230,000 | 74 PROSPECT ROAD |
| 31 Oct 2023 | £332,553 | £325,000 | 48 PROSPECT ROAD |
| 26 Apr 2023 | £324,061 | £318,000 | 68 PROSPECT ROAD |
| 21 Apr 2023 | £168,145 | £165,000 | 12 OAKFIELD ROAD |
| 4 Apr 2023 | £337,309 | £331,000 | 15 THE PADDOCKS |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 3 Jul 2013. Using an estimated price of £322,519 means this house is valued at £2,710 per sq meter (£251 per sq foot).
The average size of a house on PROSPECT ROAD is 130 sq meters (1,408 sq feet).