£165,235
This estimated value is based upon the latest sale price for the house of £107,500 on 30 Jun 2014. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £107,500 | 30 Jun 2014 |
| £89,000 | 29 May 2003 |
| £51,000 | 6 Jan 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 2014 the House Price Index for SHROPSHIRE was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £107,500 results in an estimated price of approximately £165,235.
| 30 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £107,500 | £57,735 | £165,235 |
The Postcode Pricing Model uses changes in average sales price within the SY2 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 | 99.553 % | £107,019 | £214,519 |
| 3 Month Average | 35.824 % | £38,510 | £146,010 |
| 6 Month Average | 40.648 % | £43,696 | £151,196 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £157,760 | £155,000 | FLAT 302 THE CEDARS ABBEY FOREGATE |
| 30 Nov 2023 | £91,352 | £90,000 | FLAT 421 THE CEDARS ABBEY FOREGATE |
| 31 Aug 2023 | £146,280 | £145,000 | FLAT 325 THE CEDARS ABBEY FOREGATE |
| 2 Jun 2023 | £148,802 | £147,000 | FLAT 316 THE CEDARS ABBEY FOREGATE |
| 24 Mar 2023 | £159,503 | £158,000 | FLAT 324 THE CEDARS ABBEY FOREGATE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 23 May 2013. Using an estimated price of £165,236 means this house is valued at £2,898 per sq meter (£269 per sq foot).
The average size of a house on ABBEY FOREGATE is 78 sq meters (848 sq feet).