£332,123
This estimated value is based upon the latest sale price for the house of £274,950 on 28 Aug 2020. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £274,950 | 28 Aug 2020 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 August 2020 the House Price Index for SHROPSHIRE was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £274,950 results in an estimated price of approximately £332,123.
| 28 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £274,950 | £57,173 | £332,123 |
The Postcode Pricing Model uses changes in average sales price within the SY2 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 | 30.267 % | £83,219 | £358,169 |
| 3 Month Average | -0.458 % | £-1,259 | £273,690 |
| 6 Month Average | 8.225 % | £22,615 | £297,565 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £398,460 | £395,000 | OTELEY BUNGALOW OTELEY ROAD |
| 25 Aug 2023 | £291,253 | £286,000 | 15 VICTORY GARDENS |
| 16 Jun 2023 | £474,509 | £465,000 | 4 DOVE CLOSE |
| 10 Mar 2023 | £250,686 | £246,500 | 19 DOVE CLOSE |
| 14 Jul 2022 | £267,682 | £265,000 | 7 GARDENERS PLACE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 4 Aug 2020. Using an estimated price of £332,124 means this house is valued at £3,103 per sq meter (£288 per sq foot).
The average size of a house on MURRELL WAY is 104 sq meters (1,124 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Gardeners Place |
| Jul 2024 | Anti-social behaviour | On or near Gardeners Place | |
| Jul 2024 | Anti-social behaviour | On or near Gardeners Place | |
| Jul 2024 | Anti-social behaviour | On or near Gardeners Place | |
| Jul 2024 | Anti-social behaviour | On or near Gardeners Place |