According to the public record, 17, Lorne Terrace, Shrewsbury is a period freehold house with 936 ft2 of internal area and sits on a 234 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lorne Terrace, Shrewsbury, SY3 is located within the SY3 postal district.
17, Lorne Terrace, Shrewsbury has 3 entries in the Land Registry database, most recently in February 2018 and a single entry in the EPC database dated August 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 17 Lorne Terrace Shrewsbury as £293,673 and the rental value as £1,043 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 17 Lorne Terrace Shrewsbury has increased by £5,373 (1.8%) and its rental value has increased by £14 per month (1.4%).
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 17, Lorne Terrace, Shrewsbury is in very good condition we estimate a sale value of £308,357 and rental value of £1,095 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,116 and a rental value of £970 per month.
If you were able to purchase this property for the estimated value of £293,673, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,443 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, 17, Lorne Terrace, Shrewsbury sits on a plot of 234m2.
We have plot size data on 4 out of 4 other houses in the postcode and 17, Lorne Terrace, Shrewsbury sits on the 3rd largest plot.
According to HM Land Registry, 17, Lorne Terrace, Shrewsbury was last sold on 09 Feb 2018 for £239,950 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2018, the market for similar properties has risen 33.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Lorne Terrace, Shrewsbury within a radius of 540 metres over the last 2 years.
The most recent example is 1, Alton Terrace, Shrewsbury, SY3 7LW, a Freehold house which sold for £255,000 in Jan 2023.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorne Terrace, Shrewsbury, SY3 has a total of 4 addresses. According to our analysis of all the public data, 17, Lorne Terrace, Shrewsbury is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in SY3.
17, Lorne Terrace, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Aug 2023.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 17, Lorne Terrace, Shrewsbury is Shrewsbury station which is 900 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 17, Lorne Terrace, Shrewsbury, 40.8% of property is privately rented and 21.1% 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 17, Lorne Terrace, Shrewsbury, 15.3% of residents are recorded as possessing school level qualifications and 38.5% 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 17, Lorne Terrace, 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 17, Lorne Terrace, 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 17, Lorne Terrace, 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.