According to the public record, 1, Marne Close, Shrewsbury is a modern freehold house with 505 ft2 of internal area and sits on a 187 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Marne Close, Wem, Shrewsbury, SY4 is located within the SY4 postal district.
1, Marne Close, Shrewsbury has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated June 2023.
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 Marne Close Shrewsbury as £209,325 and the rental value as £761 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 1 Marne Close Shrewsbury has increased by £9,360 (4.5%) and its rental value has increased by £29 per month (3.8%).
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, Marne Close, Shrewsbury is in very good condition we estimate a sale value of £219,791 and rental value of £799 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,672 and a rental value of £708 per month.
If you were able to purchase this property for the estimated value of £209,325, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,029 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, Marne Close, Shrewsbury sits on a plot of 187m2.
We have plot size data on 7 out of 10 other houses in the postcode and 1, Marne Close, Shrewsbury sits on the 7th largest plot.
According to HM Land Registry, 1, Marne Close, Shrewsbury was last sold on 16 Oct 2023 for £165,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Marne Close, Shrewsbury within a radius of 860 metres over the last 2 years.
The most recent example is 64, Kynaston Drive, Shrewsbury, SY4 5DE, a Freehold house which sold for £215,000 in Dec 2021.
Read more about house prices in SY4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marne Close, Wem, Shrewsbury, SY4 has a total of 10 addresses. According to our analysis of all the public data, 1, Marne Close, Shrewsbury is the 10th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in SY4.
1, Marne Close, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jun 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Marne Close, Shrewsbury is Wem station which is 600 metres 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, Marne Close, Shrewsbury, 49.7% of property is privately owned outright and 28.3% is socially rented.
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, Marne Close, Shrewsbury, 7.8% of residents are recorded as possessing school level qualifications and 24.3% 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, Marne Close, Shrewsbury, the average age was 45.1 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, Marne Close, Shrewsbury, 0.0% 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, Marne Close, Shrewsbury, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.