According to the public record, 25, New Banks, Shrewsbury is a mid-century leasehold apartment and with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
New Banks, Grafton, Montford Bridge, Shrewsbury, SY4 is located within the SY4 postal district.
25, New Banks, Shrewsbury has 2 entries in the Land Registry database, most recently in April 2021 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 25 New Banks Shrewsbury as £79,257 and the rental value as £406 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 25 New Banks Shrewsbury has increased by £2,945 (3.7%) and its rental value has increased by £11 per month (2.7%).
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 25, New Banks, Shrewsbury is in very good condition we estimate a sale value of £83,220 and rental value of £426 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,709 and a rental value of £377 per month.
If you were able to purchase this property for the estimated value of £79,257, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £390 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 HM Land Registry, 25, New Banks, Shrewsbury was last sold on 16 Apr 2021 for £78,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 101m radius of 25, New Banks, Shrewsbury over the last 2 years.
The most recent example is Culross, Shrewsbury, SY4 1HF, a Freehold house which sold for £225,000 in Aug 2016.
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, 25, New Banks, Shrewsbury is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £253k less expensive than the average property in SY4.
25, New Banks, Shrewsbury has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Jul 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 25, 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 25, 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 25, 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 25, 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 25, 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 25, 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.