According to the public record, 2, New Banks, Shrewsbury is a mid-century freehold house and with 882 ft2 of internal area and sits on a 459 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
New Banks, Grafton, Montford Bridge, Shrewsbury, SY4 is located within the SY4 postal district.
2, New Banks, Shrewsbury has 3 entries in the Land Registry database, most recently in March 2023 and no records in the EPC database.
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 2 New Banks Shrewsbury as £239,800 and the rental value as £968 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 2 New Banks Shrewsbury has increased by £6,210 (2.6%) and its rental value has increased by £15 per month (1.6%).
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 2, New Banks, Shrewsbury is in very good condition we estimate a sale value of £251,790 and rental value of £1,016 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £223,014 and a rental value of £900 per month.
If you were able to purchase this property for the estimated value of £239,800, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,179 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, 2, New Banks, Shrewsbury sits on a plot of 459m2.
We have plot size data on 12 out of 18 other houses in the postcode and 2, New Banks, Shrewsbury sits on the 9th largest plot.
According to HM Land Registry, 2, New Banks, Shrewsbury was last sold on 31 Mar 2023 for £230,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2023, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, New Banks, Shrewsbury within a radius of 738m over the last 2 years.
The most recent example is Crendon, Shrewsbury, SY4 1HA, a Freehold house which sold for £347,000 in Jul 2022.
Read more about house prices in SY4.
New Banks, Grafton, Montford Bridge, Shrewsbury, SY4 has a total of 26 addresses. According to our analysis of all the public data, 2, New Banks, Shrewsbury is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in SY4.
2, New Banks, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 May 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric air source heat pump and radiators.
The closest station to 2, New Banks, Shrewsbury is Shrewsbury station which is 8.1 km 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 2, New Banks, Shrewsbury, 30.1% of property is privately rented and 29.4% 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 2, New Banks, Shrewsbury, 20.9% of residents are recorded as possessing school level qualifications and 35.7% 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 2, New Banks, Shrewsbury, the average age was 45.9 and the most common age was 57.
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 2, New Banks, Shrewsbury, 1.7% 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 2, New Banks, Shrewsbury, there are an average of 1.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.