£497,964
This estimated value is based upon the latest sale price for the house of £395,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£395,000 | 24 Nov 2017 |
£375,995 | 25 Sep 2015 |
Detached |
Freehold |
Floor Area: 151 sq meters or 1,625 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 2017 the House Price Index for SHROPSHIRE was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £395,000 results in an estimated price of approximately £497,964.
24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 148.6 | 26.067 % | £395,000 | £102,964 | £497,964 |
The Postcode Pricing Model uses changes in average sales price within the SY2 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 | 32.161 % | £127,035 | £522,035 |
3 Month Average | 34.262 % | £135,335 | £530,335 |
6 Month Average | 28.788 % | £113,712 | £508,712 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jun 2023 | £470,702 | £465,000 | 4 DOVE CLOSE |
10 Mar 2023 | £248,844 | £246,500 | 19 DOVE CLOSE |
14 Jul 2022 | £265,715 | £265,000 | 7 GARDENERS PLACE |
25 Mar 2022 | £288,081 | £278,000 | 25 DOVE CLOSE |
6 Dec 2021 | £471,406 | £440,000 | 3 MURRELL WAY |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 21 Jul 2015. Using an estimated price of £497,964 means this house is valued at £3,297 per sq meter (£306 per sq foot).
The average size of a house on MURRELL WAY is 104 sq meters (1,124 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Anti-social behaviour | On or near Murrell Way | |
Dec 2023 | Anti-social behaviour | On or near Murrell Way | |
Dec 2023 | Anti-social behaviour | On or near Murrell Way | |
Dec 2023 | Anti-social behaviour | On or near Murrell Way | |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gardeners Place |