According to the public record, 3, Eric Lock Road, Shrewsbury is a mid-century freehold house with 1,033 ft2 of internal area and sits on a 334 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Eric Lock Road, Bayston Hill, Shrewsbury, SY3 is located within the SY3 postal district.
3, Eric Lock Road, Shrewsbury has 2 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated May 2020.
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 3 Eric Lock Road Shrewsbury as £287,413 and the rental value as £1,058 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 3 Eric Lock Road Shrewsbury has increased by £2,918 (1.0%) and its rental value has increased by £12 per month (1.1%).
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, Eric Lock Road, Shrewsbury is in very good condition we estimate a sale value of £301,784 and rental value of £1,111 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,294 and a rental value of £984 per month.
If you were able to purchase this property for the estimated value of £287,413, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,413 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, 3, Eric Lock Road, Shrewsbury sits on a plot of 334m2.
We have plot size data on 11 out of 20 other houses in the postcode and 3, Eric Lock Road, Shrewsbury sits on the 10th largest plot.
According to HM Land Registry, 3, Eric Lock Road, Shrewsbury was last sold on 08 Apr 2022 for £280,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2022, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Eric Lock Road, Shrewsbury within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 7, Edge Close, Shrewsbury, SY3 0HH, a Freehold house which sold for £300,000 in Aug 2022.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eric Lock Road, Bayston Hill, Shrewsbury, SY3 has a total of 20 addresses. According to our analysis of all the public data, 3, Eric Lock Road, Shrewsbury is the 9th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in SY3.
3, Eric Lock Road, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 May 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Eric Lock Road, Shrewsbury is Shrewsbury station which is 4.8 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, Eric Lock Road, Shrewsbury, 61.1% of property is privately owned outright and 28.3% 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, Eric Lock Road, Shrewsbury, 14.9% of residents are recorded as possessing school level qualifications and 40.5% 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, Eric Lock Road, Shrewsbury, the average age was 44.5 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, Eric Lock Road, 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, Eric Lock Road, Shrewsbury, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.