According to the public record, 8, Railway Terrace, Shrewsbury is a modern leasehold house with 570 ft2 of internal area and sits on a 64 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Railway Terrace, Shrewsbury, SY2 is located within the SY2 postal district.
8, Railway Terrace, Shrewsbury has 31 entries in the Land Registry database, most recently in March 2018 and a single entry in the EPC database dated February 2023.
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 8 Railway Terrace Shrewsbury as £89,693 and the rental value as £388 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 8 Railway Terrace Shrewsbury has increased by £2,298 (2.6%) and its rental value has increased by £6 per month (1.5%).
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 8, Railway Terrace, Shrewsbury is in very good condition we estimate a sale value of £94,178 and rental value of £408 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £83,415 and a rental value of £361 per month.
If you were able to purchase this property for the estimated value of £89,693, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £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, 8, Railway Terrace, Shrewsbury sits on a plot of 64m2.
We have plot size data on 11 out of 12 other houses in the postcode and 8, Railway Terrace, Shrewsbury sits on the 5th largest plot.
According to HM Land Registry, 8, Railway Terrace, Shrewsbury was last sold on 09 Mar 2018 for £132,100 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Mar 2018, the market for similar properties has risen 35.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Railway Terrace, Shrewsbury within a radius of 510 metres over the last 2 years.
The most recent example is 4, Railway Terrace, Shrewsbury, SY2 6AG, a Leasehold house which sold for £92,000 in Jun 2024.
Read more about house prices in SY2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Railway Terrace, Shrewsbury, SY2 has a total of 12 addresses. According to our analysis of all the public data, 8, Railway Terrace, Shrewsbury is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in SY2.
8, Railway Terrace, Shrewsbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Feb 2023.
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 8, Railway Terrace, Shrewsbury is Shrewsbury station which is 400 metres 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 8, Railway Terrace, Shrewsbury, 35.5% of property is privately owned with a mortgage and 29.8% is privately rented.
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 8, Railway Terrace, Shrewsbury, 17.6% of residents are recorded as possessing school level qualifications and 35.9% 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 8, Railway Terrace, Shrewsbury, the average age was 45.7 and the most common age was 27.
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 8, Railway Terrace, 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 8, Railway Terrace, Shrewsbury, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.