According to the public record, Apartment 16, The Bank, Shrewsbury is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Bank, Swan Hill, Shrewsbury, SY1.
Swan Hill, Shrewsbury, SY1 is located within the SY1 postal district.
Apartment 16, The Bank, Shrewsbury has 31 entries in the Land Registry database, most recently in March 2017 and a single entry in the EPC database dated September 2016.
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 Apartment 16 The Bank Shrewsbury as £247,317 and the rental value as £886 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of Apartment 16 The Bank Shrewsbury has increased by £6,435 (2.6%) and its rental value has increased by £20 per month (2.3%).
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 Apartment 16, The Bank, Shrewsbury is in very good condition we estimate a sale value of £259,683 and rental value of £931 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,005 and a rental value of £824 per month.
If you were able to purchase this property for the estimated value of £247,317, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,215 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, Apartment 16, The Bank, Shrewsbury was last sold on 24 Mar 2017 for £143,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2017, the market for similar properties has risen 24.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 16, The Bank, Shrewsbury within a radius of 570 metres over the last 2 years.
The most recent example is Apartment 14, Watergate Mansions, St. Marys Place, Shrewsbury, SY1 1DW, a Leasehold flat which sold for £225,000 in Sep 2022.
Read more about house prices in SY1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Swan Hill, Shrewsbury, SY1 has a total of 68 addresses. According to our analysis of all the public data, Apartment 16, The Bank, Shrewsbury is the 53rd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in SY1.
Apartment 16, The Bank, Shrewsbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2016.
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 Apartment 16, The Bank, Shrewsbury is Shrewsbury station which is 600 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 Apartment 16, The Bank, Shrewsbury, 56.8% of property is privately rented and 29.2% 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 Apartment 16, The Bank, Shrewsbury, 23.4% of residents are recorded as possessing school level qualifications and 44.2% 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 Apartment 16, The Bank, 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 Apartment 16, The Bank, Shrewsbury, 4.9% 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 Apartment 16, The Bank, 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.