£84,421
This estimated value is based upon the latest sale price for the house of £62,500 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £62,500 | 24 Mar 2016 |
| £27,000 | 14 Feb 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 March 2016 the House Price Index for SHROPSHIRE was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £62,500 results in an estimated price of approximately £84,421.
| 24 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £62,500 | £21,921 | £84,421 |
The Postcode Pricing Model uses changes in average sales price within the TF4 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 | 8.079 % | £5,049 | £67,549 |
| 3 Month Average | 15.543 % | £9,714 | £72,214 |
| 6 Month Average | 28.758 % | £17,973 | £80,473 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £157,760 | £155,000 | 52 PAGEANT DRIVE |
| 11 Aug 2023 | £102,900 | £102,000 | 41 MAJESTIC WAY |
| 9 Jun 2023 | £121,421 | £119,950 | 83 MAJESTIC WAY |
| 30 Jan 2023 | £176,170 | £177,000 | 40 PAGEANT DRIVE |
| 18 Jul 2022 | £150,405 | £150,000 | 57 MAJESTIC WAY |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 24 Jul 2014. Using an estimated price of £84,421 means this house is valued at £1,319 per sq meter (£122 per sq foot).
The average size of a house on MAJESTIC WAY is 87 sq meters (940 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pageant Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pageant Drive |
| Jan 2024 | Anti-social behaviour | On or near Pageant Drive | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pageant Drive |
| Jan 2024 | Anti-social behaviour | On or near Pageant Drive |