According to the public record, 12, Rea Street, Shrewsbury is a period freehold house with 807 ft2 of internal area and sits on a 110 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rea Street, Shrewsbury, SY3 is located within the SY3 postal district.
12, Rea Street, Shrewsbury has a single entry in the Land Registry database from August 2012 and a single entry in the EPC database dated April 2012.
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 12 Rea Street Shrewsbury as £214,398 and the rental value as £911 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 12 Rea Street Shrewsbury has increased by £4,635 (2.2%) and its rental value has increased by £12 per month (1.3%).
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 12, Rea Street, Shrewsbury is in very good condition we estimate a sale value of £225,118 and rental value of £957 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,390 and a rental value of £848 per month.
If you were able to purchase this property for the estimated value of £214,398, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,054 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, 12, Rea Street, Shrewsbury sits on a plot of 110m2.
We have plot size data on 16 out of 23 other houses in the postcode and 12, Rea Street, Shrewsbury sits on the 4th largest plot.
According to HM Land Registry, 12, Rea Street, Shrewsbury was last sold on 23 Aug 2012 for £140,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2012, the market for similar properties has risen 60.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Rea Street, Shrewsbury within a radius of 590 metres over the last 2 years.
The most recent example is 2, Spa Street, Shrewsbury, SY3 7PU, a Freehold house which sold for £226,000 in Jan 2024.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rea Street, Shrewsbury, SY3 has a total of 44 addresses. According to our analysis of all the public data, 12, Rea Street, Shrewsbury is the 6th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in SY3.
12, Rea Street, Shrewsbury has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Apr 2012.
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 12, Rea Street, Shrewsbury is Shrewsbury station which is 1.3 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 12, Rea Street, Shrewsbury, 51.8% of property is socially rented and 17.9% is privately owned with a mortgage.
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 12, Rea Street, Shrewsbury, 13.3% of residents are recorded as possessing school level qualifications and 24.4% 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 12, Rea Street, Shrewsbury, the average age was 45 and the most common age was 32.
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 12, Rea Street, 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 12, Rea Street, Shrewsbury, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.