£195,930
This estimated value is based upon the latest sale price for the house of £35,000 on 14 Jun 1996. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£35,000 | 14 Jun 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 44 sq meters or 473 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 June 1996 the House Price Index for SHROPSHIRE was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.800%.Applying this 459.800% change to the original purchase price of £35,000 results in an estimated price of approximately £195,930.
14 Jun 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.5 | 148.6 | 459.800 % | £35,000 | £160,930 | £195,930 |
The Postcode Pricing Model uses changes in average sales price within the SY3 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 | 432.292 % | £151,302 | £186,302 |
3 Month Average | 401.163 % | £140,406 | £175,406 |
6 Month Average | 398.495 % | £139,473 | £174,473 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Aug 2023 | £348,045 | £345,000 | 78 WHINBERRY DRIVE |
7 Jul 2023 | £130,253 | £128,500 | 40 CHURCHILL ROAD |
14 Apr 2023 | £187,014 | £185,000 | 53 CHURCHILL ROAD |
15 Feb 2023 | £234,842 | £235,000 | 2 CHURCHILL ROAD |
15 Jul 2022 | £230,621 | £230,000 | 8 COPPERFIELD DRIVE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 26 Jan 2013. Using an estimated price of £195,930 means this house is valued at £4,452 per sq meter (£413 per sq foot).
The average size of a house on CHURCHILL ROAD is 53 sq meters (578 sq feet).