According to the public record, 1, Bank Drive West, Shrewsbury is a early-century freehold house with 1,291 ft2 of internal area and sits on a 799 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bank Drive West, Shrewsbury, SY3 is located within the SY3 postal district.
1, Bank Drive West, Shrewsbury has 2 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated June 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Bank Drive West Shrewsbury as £528,057 and the rental value as £1,384 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of 1 Bank Drive West Shrewsbury has decreased by £4,014 (0.8%) and its rental value has decreased by £8 per month (0.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Bank Drive West, Shrewsbury is in very good condition we estimate a sale value of £554,460 and rental value of £1,453 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £491,093 and a rental value of £1,287 per month.
If you were able to purchase this property for the estimated value of £528,057, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,595 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Bank Drive West, Shrewsbury sits on a plot of 799m2.
We have plot size data on 7 out of 11 other houses in the postcode and 1, Bank Drive West, Shrewsbury sits on the largest plot.
According to HM Land Registry, 1, Bank Drive West, Shrewsbury was last sold on 30 Sep 2022 for £650,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Bank Drive West, Shrewsbury within a radius of 820 metres over the last 2 years.
The most recent example is 70, Grange Road, Shrewsbury, SY3 9DF, a Freehold house which sold for £412,500 in Oct 2021.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bank Drive West, Shrewsbury, SY3 has a total of 11 addresses. According to our analysis of all the public data, 1, Bank Drive West, Shrewsbury is the largest and the most expensive property on the street.
When compared to the postcode district it is £210k more expensive than the average property in SY3.
1, Bank Drive West, Shrewsbury has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 19 Jun 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 1, Bank Drive West, Shrewsbury is Shrewsbury station which is 2.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Bank Drive West, Shrewsbury, 37.6% of property is privately owned with a mortgage and 36.4% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Bank Drive West, Shrewsbury, 19.0% of residents are recorded as possessing school level qualifications and 41.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Bank Drive West, Shrewsbury, the average age was 42.9 and the most common age was 17.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Bank Drive West, Shrewsbury, 1.1% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Bank Drive West, Shrewsbury, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.