According to the public record, Flat 1, 114, Abbey Foregate, Shrewsbury is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 114, Abbey Foregate, Shrewsbury, SY2.
Abbey Foregate, Shrewsbury, SY2 is located within the SY2 postal district.
Flat 1, 114, Abbey Foregate, Shrewsbury has a single entry in the Land Registry database from February 2008 and a single entry in the EPC database dated August 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 Flat 1 114 Abbey Foregate Shrewsbury as £155,464 and the rental value as £741 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 1 114 Abbey Foregate Shrewsbury has increased by £5,145 (3.3%) and its rental value has increased by £17 per month (2.2%).
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 Flat 1, 114, Abbey Foregate, Shrewsbury is in very good condition we estimate a sale value of £163,238 and rental value of £778 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £144,582 and a rental value of £689 per month.
If you were able to purchase this property for the estimated value of £155,464, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £764 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, Flat 1, 114, Abbey Foregate, Shrewsbury was last sold on 01 Feb 2008 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 35.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 114, Abbey Foregate, Shrewsbury within a radius of 580 metres over the last 2 years.
The most recent example is Flat 324, The Cedars, Abbey Foregate, Shrewsbury, SY2 6BY, a Leasehold flat which sold for £158,000 in Mar 2023.
Read more about house prices in SY2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbey Foregate, Shrewsbury, SY2 has a total of 545 addresses. According to our analysis of all the public data, Flat 1, 114, Abbey Foregate, Shrewsbury is the 198th largest and the 347th most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in SY2.
Flat 1, 114, Abbey Foregate, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Aug 2023.
The property is connected to mains gas and has full secondary glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, 114, Abbey Foregate, Shrewsbury is Shrewsbury station which is 1.1 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 Flat 1, 114, Abbey Foregate, Shrewsbury, 43.3% of property is socially rented and 22.5% 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 Flat 1, 114, Abbey Foregate, Shrewsbury, 4.4% of residents are recorded as possessing school level qualifications and 32.6% 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 Flat 1, 114, Abbey Foregate, 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 Flat 1, 114, Abbey Foregate, Shrewsbury, 0.6% 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 Flat 1, 114, Abbey Foregate, Shrewsbury, there are an average of 0.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.