£413,823
This estimated value is based upon the latest sale price for the house of £280,000 on 6 Feb 2015. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £280,000 | 6 Feb 2015 |
| £285,000 | 5 Dec 2006 |
| £155,000 | 17 Jul 2001 |
| Detached |
| Freehold |
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 February 2015 the House Price Index for SHROPSHIRE was 100.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.794%.Applying this 47.794% change to the original purchase price of £280,000 results in an estimated price of approximately £413,823.
| 6 Feb 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 148.6 | 47.794 % | £280,000 | £133,823 | £413,823 |
The Postcode Pricing Model uses changes in average sales price within the SY5 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 | 17.177 % | £48,095 | £328,095 |
| 3 Month Average | 63.039 % | £176,509 | £456,509 |
| 6 Month Average | 54.658 % | £153,042 | £433,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £522,739 | £515,000 | THE RETREAT |
| 28 Jul 2023 | £214,892 | £212,000 | 5 FORGE WAY |
| 28 Jul 2023 | £253,411 | £250,000 | 3 THE FARRS |
| 15 Sep 2022 | £277,757 | £280,000 | 6 THE BANK |
| 31 Aug 2022 | £194,477 | £195,000 | 17 FORGE WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Bank Drive | |
| Dec 2023 | Anti-social behaviour | On or near Bank Drive | |
| Dec 2023 | Anti-social behaviour | On or near Bank Drive | |
| Dec 2023 | Anti-social behaviour | On or near Bank Drive | |
| Feb 2024 | Other crime | Under investigation | On or near The Bank |