According to the public record, 3, Back Lane, Shrewsbury is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 900 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Back Lane, Pontesford, Pontesbury, Shrewsbury, SY5 is located within the SY5 postal district.
3, Back Lane, Shrewsbury has a single entry in the Land Registry database from September 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Back Lane Shrewsbury as £112,215 and the rental value as £468 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 3 Back Lane Shrewsbury has decreased by £677 (0.6%) and its rental value has increased by £12 per month (2.6%).
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 3, Back Lane, Shrewsbury is in very good condition we estimate a sale value of £117,826 and rental value of £492 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,360 and a rental value of £436 per month.
If you were able to purchase this property for the estimated value of £112,215, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £552 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, 3, Back Lane, Shrewsbury was last sold on 24 Sep 2018 for £178,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2018, the market for similar properties has risen 31.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 3.6 kilometres radius of 3, Back Lane, Shrewsbury over the last 2 years.
The most recent example is Shalom, Back Lane, Shrewsbury, SY5 0UD, a Freehold house which sold for £160,000 in Oct 2020.
Read more about house prices in SY5.
Back Lane, Pontesford, Pontesbury, Shrewsbury, SY5 has a total of 11 addresses. According to our analysis of all the public data, 3, Back Lane, Shrewsbury is the 8th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £218k less expensive than the average property in SY5.
The closest station to 3, Back Lane, Shrewsbury is Shrewsbury station which is 10.8 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 3, Back Lane, Shrewsbury, 57.5% of property is privately owned outright and 26.1% 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 3, Back Lane, Shrewsbury, 7.5% of residents are recorded as possessing school level qualifications and 39.5% 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 3, Back Lane, Shrewsbury, the average age was 46.4 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 3, Back Lane, 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 3, Back Lane, Shrewsbury, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.