According to the public record, Flat 224, The Cedars, Shrewsbury is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Cedars, Abbey Foregate, Shrewsbury, SY2.
Abbey Foregate, Shrewsbury, SY2 is located within the SY2 postal district.
Flat 224, The Cedars, Shrewsbury has 21 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated August 2021.
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 224 The Cedars Shrewsbury as £171,319 and the rental value as £798 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 224 The Cedars Shrewsbury has increased by £5,373 (3.1%) and its rental value has increased by £17 per month (2.1%).
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 224, The Cedars, Shrewsbury is in very good condition we estimate a sale value of £179,885 and rental value of £838 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,327 and a rental value of £742 per month.
If you were able to purchase this property for the estimated value of £171,319, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £842 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 224, The Cedars, Shrewsbury was last sold on 06 Jan 2022 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2022, the market for similar properties has risen 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 224, The Cedars, Shrewsbury within a radius of 540 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 224, The Cedars, Shrewsbury is the 153rd largest and the 304th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in SY2.
Flat 224, The Cedars, Shrewsbury has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Aug 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 224, The Cedars, Shrewsbury is Shrewsbury station which is 900 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 Flat 224, The Cedars, Shrewsbury, 62.7% of property is privately owned outright and 28.8% 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 Flat 224, The Cedars, Shrewsbury, 3.0% of residents are recorded as possessing school level qualifications and 38.2% 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 Flat 224, The Cedars, 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 224, The Cedars, Shrewsbury, 1.7% 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 224, The Cedars, Shrewsbury, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.