According to the public record, 97, Lambourn Drive, Shrewsbury is a modern leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Lambourn Drive, Shrewsbury, SY3 is located within the SY3 postal district.
97, Lambourn Drive, Shrewsbury has 31 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated July 2022.
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 97 Lambourn Drive Shrewsbury as £80,600 and the rental value as £443 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 97 Lambourn Drive Shrewsbury has increased by £1,081 (1.3%) and its rental value has increased by £7 per month (1.6%).
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 97, Lambourn Drive, Shrewsbury is in very good condition we estimate a sale value of £84,630 and rental value of £465 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £74,958 and a rental value of £412 per month.
If you were able to purchase this property for the estimated value of £80,600, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £396 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, 97, Lambourn Drive, Shrewsbury was last sold on 19 Dec 2022 for £80,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2022, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 97, Lambourn Drive, Shrewsbury within a radius of 620 metres over the last 2 years.
The most recent example is 18, Montrose Place, Shrewsbury, SY3 5EN, a Leasehold flat which sold for £42,000 in Jun 2010.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lambourn Drive, Shrewsbury, SY3 has a total of 84 addresses. According to our analysis of all the public data, 97, Lambourn Drive, Shrewsbury is the 84th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £237k less expensive than the average property in SY3.
97, Lambourn Drive, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 97, Lambourn Drive, Shrewsbury is Shrewsbury station which is 3.7 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 97, Lambourn Drive, Shrewsbury, 81.0% of property is socially rented and 13.5% 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 97, Lambourn Drive, Shrewsbury, 25.8% of residents are recorded as possessing school level qualifications and 18.3% 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 97, Lambourn Drive, Shrewsbury, the average age was 42.6 and the most common age was 52.
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 97, Lambourn Drive, Shrewsbury, 0.4% 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 97, Lambourn Drive, Shrewsbury, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.