£421,624
This estimated value is based upon the latest sale price for the house of £320,000 on 16 Nov 2016. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £320,000 | 16 Nov 2016 |
| £187,000 | 8 May 2002 |
| £164,000 | 26 May 2000 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 November 2016 the House Price Index for SHROPSHIRE was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £320,000 results in an estimated price of approximately £421,624.
| 16 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £320,000 | £101,624 | £421,624 |
The Postcode Pricing Model uses changes in average sales price within the WV16 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 | 61.208 % | £195,866 | £515,866 |
| 3 Month Average | 36.098 % | £115,514 | £435,514 |
| 6 Month Average | 17.229 % | £55,131 | £375,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £250,000 | £250,000 | SEVERN COTTAGE BANDON LANE |
| 28 Nov 2023 | £271,520 | £267,500 | 31 RIVERSIDE |
| 29 Sep 2023 | £324,145 | £320,000 | 28 FRIARS STREET |
| 20 Jan 2023 | £194,086 | £195,000 | 40 RIVERSIDE |
| 28 Nov 2022 | £380,392 | £385,000 | 43 SOUTHWELL RIVERSIDE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 21 Jul 2016. Using an estimated price of £421,624 means this house is valued at £3,764 per sq meter (£349 per sq foot).
The average size of a house on RIVERSIDE is 78 sq meters (843 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Friar'S Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near River Side |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near River Side |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near River Side |
| Mar 2024 | Anti-social behaviour | On or near Parking Area |