£194,680
This estimated value is based upon the latest sale price for the house of £69,000 on 26 Jul 2002. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £69,000 | 26 Jul 2002 |
| £42,500 | 14 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 792 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 July 2002 the House Price Index for SHROPSHIRE was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £69,000 results in an estimated price of approximately £194,680.
| 26 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 149.7 | 182.145 % | £69,000 | £125,680 | £194,680 |
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 | 252.591 % | £174,287 | £243,287 |
| 3 Month Average | 158.238 % | £109,184 | £178,184 |
| 6 Month Average | 147.161 % | £101,541 | £170,541 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £177,453 | £172,000 | 16 VICTORIA ROAD |
| 1 Dec 2023 | £140,311 | £136,000 | 9 VICTORIA ROAD |
| 29 Sep 2023 | £148,268 | £145,000 | 7 GOOSEFIELD CLOSE |
| 28 Apr 2023 | £95,792 | £94,000 | 56 SHREWSBURY ROAD |
| 22 Feb 2023 | £261,748 | £260,000 | HOMELEA VICTORIA ROAD |
This house has a floor area of 73 sq meters or 792 sq feet when measured on 13 Nov 2008. Using an estimated price of £194,680 means this house is valued at £2,644 per sq meter (£245 per sq foot).
The average size of a house on GOOSEFIELDS CLOSE is 59 sq meters (639 sq feet).
This house is the largest in the street with a floor area of 73 sq meters (792 sq feet).