£283,176
This estimated value is based upon the latest sale price for the house of £265,000 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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Price Paid | Date |
---|---|
£265,000 | 25 Jun 2021 |
£187,500 | 10 May 2004 |
£145,000 | 12 Dec 2002 |
Detached |
Freehold |
Floor Area: 129 sq meters or 1,388 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 June 2021 the House Price Index for SHROPSHIRE was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £265,000 results in an estimated price of approximately £283,176.
25 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 148.0 | 6.859 % | £265,000 | £18,176 | £283,176 |
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 | -12.694 % | £-33,639 | £231,360 |
3 Month Average | -7.611 % | £-20,170 | £244,829 |
6 Month Average | -5.701 % | £-15,107 | £249,892 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £338,147 | £331,750 | 107 CHESHIRE STREET |
4 Dec 2023 | £180,413 | £177,000 | 5 TOWERS LAWN COURT |
28 Jul 2023 | £378,581 | £375,000 | 24 MAER LANE |
14 Jul 2023 | £90,859 | £90,000 | 8 THE BRAMPTON SMITHFIELD ROAD |
14 Jul 2023 | £227,149 | £225,000 | 44 CAMPBELL ROAD |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 31 Aug 2016. Using an estimated price of £283,177 means this house is valued at £2,195 per sq meter (£203 per sq foot).
The average size of a house on MAER LANE is 106 sq meters (1,151 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Smithfield Road |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Apr 2024 | Other theft | Under investigation | On or near Petrol Station |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |