£459,087
This estimated value is based upon the latest sale price for the house of £240,000 on 22 Oct 2004. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £240,000 | 22 Oct 2004 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 October 2004 the House Price Index for SHROPSHIRE was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £240,000 results in an estimated price of approximately £459,087.
| 22 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £240,000 | £219,087 | £459,087 |
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 | 97.565 % | £234,155 | £474,155 |
| 3 Month Average | 57.849 % | £138,838 | £378,838 |
| 6 Month Average | 66.756 % | £160,214 | £400,214 |
| 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 118 sq meters or 1,270 sq feet when measured on 13 Jun 2013. Using an estimated price of £459,088 means this house is valued at £3,890 per sq meter (£361 per sq foot).
The average size of a house on OTELEY ROAD is 165 sq meters (1,778 sq feet).
This house is the smallest in the street with a floor area of 118 sq meters (1,270 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Victory Gardens | |
| Sep 2024 | Anti-social behaviour | On or near Victory Gardens | |
| Sep 2024 | Anti-social behaviour | On or near Victory Gardens | |
| Sep 2024 | Anti-social behaviour | On or near Victory Gardens | |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Gardeners Place |