£741,054
This estimated value is based upon the latest sale price for the house of £518,500 on 24 Aug 2015. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
There has been one burglary within the last year on or near Tern Ridge
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| Price Paid | Date |
|---|---|
| £518,500 | 24 Aug 2015 |
| £525,000 | 23 May 2008 |
| £155,000 | 31 May 1996 |
| Detached |
| Freehold |
| Floor Area: 161 sq meters or 1,732 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 August 2015 the House Price Index for SHROPSHIRE was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £518,500 results in an estimated price of approximately £741,054.
| 24 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £518,500 | £222,554 | £741,054 |
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 | 14.034 % | £72,764 | £591,264 |
| 3 Month Average | 29.177 % | £151,282 | £669,782 |
| 6 Month Average | 30.734 % | £159,356 | £677,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £298,821 | £295,000 | STAGS HEAD GREAT HALES STREET |
| 10 Feb 2023 | £294,802 | £295,000 | THE OAKLANDS NEWTOWN |
| 28 Nov 2022 | £612,580 | £620,000 | PRIMROSE COTTAGE TERN RIDGE |
| 25 Nov 2022 | £474,255 | £480,000 | RIVERSIDE COTTAGE, 9 DOG KENNEL LANE |
| 14 Oct 2022 | £174,620 | £176,500 | 44 GREAT HALES STREET |
This house has a floor area of 161 sq meters or 1,732 sq feet when measured on 21 May 2014. Using an estimated price of £741,055 means this house is valued at £4,602 per sq meter (£427 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Tern Ridge |
| Apr 2024 | Anti-social behaviour | On or near Newtown | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newtown |
| Apr 2024 | Anti-social behaviour | On or near Berrisford Close | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Berrisford Close |