According to the public record, 16, Murrell Way, Shrewsbury is a modern freehold house with 1,140 ft2 of internal area and sits on a 230 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Murrell Way, Shrewsbury, SY2 is located within the SY2 postal district.
16, Murrell Way, Shrewsbury has a single entry in the Land Registry database from October 2015 and a single entry in the EPC database dated November 2015.
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 16 Murrell Way Shrewsbury as £369,025 and the rental value as £1,227 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 16 Murrell Way Shrewsbury has increased by £856 (0.2%) and its rental value has decreased by £7 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 16, Murrell Way, Shrewsbury is in very good condition we estimate a sale value of £387,476 and rental value of £1,289 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £343,193 and a rental value of £1,141 per month.
If you were able to purchase this property for the estimated value of £369,025, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,814 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, 16, Murrell Way, Shrewsbury sits on a plot of 230m2.
We have plot size data on 48 out of 48 other houses in the postcode and 16, Murrell Way, Shrewsbury sits on the 41st largest plot.
According to HM Land Registry, 16, Murrell Way, Shrewsbury was last sold on 23 Oct 2015 for £267,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2015, the market for similar properties has risen 37.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Murrell Way, Shrewsbury within a radius of 890 metres over the last 2 years.
The most recent example is 35, Murrell Way, Shrewsbury, SY2 6FN, a Freehold house which sold for £359,000 in Dec 2022.
Read more about house prices in SY2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Murrell Way, Shrewsbury, SY2 has a total of 129 addresses. According to our analysis of all the public data, 16, Murrell Way, Shrewsbury is the 68th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £79k more expensive than the average property in SY2.
16, Murrell Way, Shrewsbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Nov 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 16, Murrell Way, 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 16, Murrell Way, Shrewsbury, 52.9% of property is privately owned outright and 24.4% 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 16, Murrell Way, Shrewsbury, 10.9% of residents are recorded as possessing school level qualifications and 29.9% 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 16, Murrell Way, 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 16, Murrell Way, 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 16, Murrell Way, Shrewsbury, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.