£240,399
This estimated value is based upon the latest sale price for the house of £140,000 on 25 Feb 2011. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £140,000 | 25 Feb 2011 |
| £173,000 | 18 Dec 2006 |
| £91,250 | 25 Apr 2003 |
| £60,000 | 19 Feb 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 141 sq meters or 1,520 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 February 2011 the House Price Index for SHROPSHIRE was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.714%.Applying this 71.714% change to the original purchase price of £140,000 results in an estimated price of approximately £240,399.
| 25 Feb 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.714 % | £140,000 | £100,399 | £240,399 |
The Postcode Pricing Model uses changes in average sales price within the TF9 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 | 34.765 % | £48,670 | £188,670 |
| 3 Month Average | 41.514 % | £58,119 | £198,119 |
| 6 Month Average | 42.133 % | £58,986 | £198,986 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £263,547 | £260,000 | 16 THE BURGAGE |
| 7 Jul 2023 | £174,347 | £172,000 | 7 DAIRY CLOSE |
| 3 Jul 2023 | £212,865 | £210,000 | 22 THE BURGAGE |
| 8 Mar 2023 | £79,751 | £79,000 | 4 CROSS STREET |
| 10 Feb 2023 | £181,878 | £182,000 | 6 DAIRY CLOSE |
This house has a floor area of 141 sq meters or 1,520 sq feet when measured on 28 Oct 2010. Using an estimated price of £240,400 means this house is valued at £1,701 per sq meter (£158 per sq foot).
The average size of a house on SMITHFIELD ROAD is 85 sq meters (924 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burgage Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dairy Close |