£63,124
This estimated value is based upon the latest sale price for the house of £55,000 on 2 Dec 2020. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,000 | 2 Dec 2020 |
| £59,995 | 16 Nov 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 39 sq meters or 419 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 2020 the House Price Index for SHROPSHIRE was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £55,000 results in an estimated price of approximately £63,124.
| 2 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £55,000 | £8,124 | £63,124 |
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 | -27.709 % | £-15,239 | £39,760 |
| 3 Month Average | 7.763 % | £4,269 | £59,269 |
| 6 Month Average | 10.677 % | £5,872 | £60,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £147,000 | £147,000 | 24 LONG ROW |
| 3 Nov 2023 | £179,660 | £177,000 | 12 SANDFORD CLOSE |
| 22 Sep 2023 | £139,787 | £138,000 | 52 LONG ROW |
| 25 Aug 2023 | £191,677 | £190,000 | 13 DITHERINGTON ROAD |
| 18 Aug 2023 | £201,765 | £200,000 | 1 SANDFORD CLOSE |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 13 Jun 2019. Using an estimated price of £63,124 means this house is valued at £1,618 per sq meter (£150 per sq foot).
The average size of a house on MORGANS COTTAGES is 65 sq meters (705 sq feet).
This house is the smallest in the street with a floor area of 39 sq meters (419 sq feet).