According to the public record, 7, Magnolia Close, Shrewsbury is a mid-century leasehold apartment and with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Magnolia Close, Bomere Heath, Shrewsbury, SY4 is located within the SY4 postal district.
7, Magnolia Close, Shrewsbury has 21 entries in the Land Registry database, most recently in August 2012 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 7 Magnolia Close Shrewsbury as £134,725 and the rental value as £533 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 7 Magnolia Close Shrewsbury has increased by £5,006 (3.7%) and its rental value has increased by £14 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 7, Magnolia Close, Shrewsbury is in very good condition we estimate a sale value of £141,461 and rental value of £560 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,294 and a rental value of £496 per month.
If you were able to purchase this property for the estimated value of £134,725, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £662 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, 7, Magnolia Close, Shrewsbury was last sold on 17 Aug 2012 for £85,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2012, the market for similar properties has risen 43.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Magnolia Close, Shrewsbury within a radius of 31m over the last 2 years.
The most recent example is 6, Magnolia Close, Shrewsbury, SY4 3NS, a Leasehold flat which sold for £130,000 in Nov 2022.
Read more about house prices in SY4.
Magnolia Close, Bomere Heath, Shrewsbury, SY4 has a total of 28 addresses. According to our analysis of all the public data, 7, Magnolia Close, Shrewsbury is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in SY4.
7, Magnolia Close, Shrewsbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2012.
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 7, Magnolia Close, Shrewsbury is Yorton station which is 5.3 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 7, Magnolia Close, Shrewsbury, 42.7% of property is socially rented and 24.8% 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 7, Magnolia Close, Shrewsbury, 16.7% of residents are recorded as possessing school level qualifications and 25.9% 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 7, Magnolia Close, 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 7, Magnolia Close, 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 7, Magnolia Close, Shrewsbury, there are an average of 1.3 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.