£163,908
This estimated value is based upon the latest sale price for the house of £125,000 on 16 Dec 2016. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£125,000 | 16 Dec 2016 |
£59,999 | 31 Aug 2001 |
Semi-Detached |
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 December 2016 the House Price Index for SHROPSHIRE was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £125,000 results in an estimated price of approximately £163,908.
16 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 148.6 | 31.127 % | £125,000 | £38,908 | £163,908 |
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 | 36.080 % | £45,099 | £170,099 |
3 Month Average | 32.772 % | £40,964 | £165,964 |
6 Month Average | 26.198 % | £32,747 | £157,747 |
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 19 Nov 2019. Using an estimated price of £163,908 means this house is valued at £3,725 per sq meter (£346 per sq foot).
The average size of a house on CHURCHILL ROAD is 53 sq meters (578 sq feet).