£600,447
This estimated value is based upon the latest sale price for the house of £396,000 on 9 Sep 2014. This value is then adjusted by the current Official House Price Index for SHROPSHIRE 1
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| Price Paid | Date |
|---|---|
| £396,000 | 9 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 September 2014 the House Price Index for SHROPSHIRE was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £396,000 results in an estimated price of approximately £600,447.
| 9 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £396,000 | £204,447 | £600,447 |
The Postcode Pricing Model uses changes in average sales price within the WV16 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 | 42.714 % | £169,145 | £565,145 |
| 3 Month Average | 40.237 % | £159,337 | £555,337 |
| 6 Month Average | 54.289 % | £214,984 | £610,984 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £493,908 | £485,000 | 4 HUNTSMANS CLOSE |
| 23 Mar 2021 | £437,326 | £390,000 | 14 LUDLOW ROAD |
| 21 Feb 2020 | £533,076 | £432,500 | 12 HUNTSMANS CLOSE |
| 7 Feb 2020 | £353,125 | £286,500 | 9 CONDUIT LANE |
| 6 Feb 2020 | £401,927 | £326,095 | 36 CONDUIT LANE |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 12 Mar 2014. Using an estimated price of £600,447 means this house is valued at £4,169 per sq meter (£387 per sq foot).
The average size of a house on LUDLOW ROAD is 152 sq meters (1,640 sq feet).