£131,236
This estimated value is based upon the latest sale price for the house of £130,000 on 31 Mar 2023. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £130,000 | 31 Mar 2023 |
| £50,000 | 15 Mar 2002 |
| £38,500 | 17 Nov 1995 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2023 the House Price Index for SHROPSHIRE was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £130,000 results in an estimated price of approximately £131,236.
| 31 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £130,000 | £1,236 | £131,236 |
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 | 17.489 % | £22,735 | £152,735 |
| 3 Month Average | 0.430 % | £559 | £130,559 |
| 6 Month Average | -2.795 % | £-3,632 | £126,367 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £131,236 | £130,000 | 3 SPRINGFIELD COTTAGES HOSPITAL LANE |
| 23 Sep 2022 | £188,478 | £190,000 | 32 ELM DRIVE |
| 19 Aug 2022 | £157,077 | £157,500 | 14 HOSPITAL LANE |
| 24 Jun 2022 | £233,297 | £230,000 | 127 ELM DRIVE |
| 14 Jun 2022 | £215,039 | £212,000 | 74 ELM DRIVE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 8 May 2015. Using an estimated price of £131,236 means this house is valued at £1,988 per sq meter (£184 per sq foot).
The average size of a house on HOSPITAL LANE is 75 sq meters (816 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kings Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kings Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kings Avenue |
| Apr 2024 | Drugs | Under investigation | On or near Elm Drive |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near School Lane |