£182,086
This estimated value is based upon the latest sale price for the house of £114,000 on 24 Jan 2014. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £114,000 | 24 Jan 2014 |
| £104,000 | 5 May 2006 |
| £56,000 | 4 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 January 2014 the House Price Index for SHROPSHIRE was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £114,000 results in an estimated price of approximately £182,086.
| 24 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £114,000 | £68,086 | £182,086 |
The Postcode Pricing Model uses changes in average sales price within the SY1 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 | 1.979 % | £2,255 | £116,255 |
| 3 Month Average | 33.533 % | £38,228 | £152,228 |
| 6 Month Average | 43.297 % | £49,358 | £163,358 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £183,205 | £180,000 | 11 ROSELYN |
| 3 Nov 2023 | £146,164 | £144,000 | 23 ALBERT SQUARE |
| 29 Sep 2023 | £192,456 | £189,995 | 24 ROSEDALE |
| 27 Jul 2023 | £167,251 | £165,000 | 93 ALBERT ROAD |
| 12 Jul 2023 | £136,842 | £135,000 | 164 WHITCHURCH ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 4 Apr 2013. Using an estimated price of £182,087 means this house is valued at £2,427 per sq meter (£225 per sq foot).
The average size of a house on ALBERT SQUARE is 91 sq meters (988 sq feet).