£429,301
This estimated value is based upon the latest sale price for the house of £425,000 on 22 Jul 2022. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£425,000 | 22 Jul 2022 |
£127,500 | 29 Aug 2000 |
Terraced |
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 July 2022 the House Price Index for SHROPSHIRE was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £425,000 results in an estimated price of approximately £429,301.
22 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.2 | 149.7 | 1.012 % | £425,000 | £4,301 | £429,301 |
The Postcode Pricing Model uses changes in average sales price within the SY8 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 | 76.106 % | £323,451 | £748,451 |
3 Month Average | 10.322 % | £43,867 | £468,867 |
6 Month Average | 17.688 % | £75,174 | £500,174 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 May 2024 | £340,000 | £340,000 | 4A MILL STREET |
19 Apr 2024 | £216,883 | £215,000 | 25 RAVEN LANE |
19 Apr 2024 | £161,402 | £160,000 | 4 RAVEN LANE |
22 Mar 2024 | £275,838 | £271,600 | 3 BELL LANE |
18 Sep 2023 | £480,594 | £470,000 | 6 LOWER RAVEN LANE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 3 Jul 2021. Using an estimated price of £429,302 means this house is valued at £4,567 per sq meter (£424 per sq foot).
The average size of a house on BELL LANE is 97 sq meters (1,048 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Street |
Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Silk Mill Lane |
Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Market Street |
Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Market Street |
Sep 2024 | Public order | Investigation complete; no suspect identified | On or near High Street |