According to the public record, 37, Drapers Rise, Shrewsbury is a modern freehold house with 1,732 ft2 of internal area and sits on a 393 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Drapers Rise, Shrewsbury, SY3 is located within the SY3 postal district.
37, Drapers Rise, Shrewsbury has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated November 2019.
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 good condition, we estimate the current sale value for 37 Drapers Rise Shrewsbury as £496,672 and the rental value as £1,441 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 37 Drapers Rise Shrewsbury has decreased by £7,348 (1.5%) and its rental value has decreased by £18 per month (1.3%).
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 37, Drapers Rise, Shrewsbury is in very good condition we estimate a sale value of £521,505 and rental value of £1,514 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £461,905 and a rental value of £1,341 per month.
If you were able to purchase this property for the estimated value of £496,672, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,441 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, 37, Drapers Rise, Shrewsbury sits on a plot of 393m2.
We have plot size data on 19 out of 19 other houses in the postcode and 37, Drapers Rise, Shrewsbury sits on the 11th largest plot.
According to HM Land Registry, 37, Drapers Rise, Shrewsbury was last sold on 06 Dec 2019 for £435,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 19.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Drapers Rise, Shrewsbury within a radius of 940 metres over the last 2 years.
The most recent example is 74, Drapers Rise, Shrewsbury, SY3 9FN, a Freehold house which sold for £515,000 in Sep 2023.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drapers Rise, Shrewsbury, SY3 has a total of 64 addresses. According to our analysis of all the public data, 37, Drapers Rise, Shrewsbury is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £179k more expensive than the average property in SY3.
37, Drapers Rise, Shrewsbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Nov 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 37, Drapers Rise, Shrewsbury is Shrewsbury station which is 2.9 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 37, Drapers Rise, Shrewsbury, 37.6% of property is privately owned with a mortgage and 36.4% 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 37, Drapers Rise, Shrewsbury, 19.0% of residents are recorded as possessing school level qualifications and 41.0% 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 37, Drapers Rise, Shrewsbury, the average age was 42.9 and the most common age was 17.
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 37, Drapers Rise, Shrewsbury, 1.1% 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 37, Drapers Rise, Shrewsbury, there are an average of 1.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.