According to the public record, Flat 3, Alma House, Shrewsbury is a period leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Alma House, Alma Street, Shrewsbury, SY3.
Alma Street, Shrewsbury, SY3 is located within the SY3 postal district.
Flat 3, Alma House, Shrewsbury has 51 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated June 2020.
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 3 Alma House Shrewsbury as £95,237 and the rental value as £508 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 3 Alma House Shrewsbury has increased by £1,299 (1.4%) and its rental value has increased by £8 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 Flat 3, Alma House, Shrewsbury is in very good condition we estimate a sale value of £99,999 and rental value of £533 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £88,571 and a rental value of £472 per month.
If you were able to purchase this property for the estimated value of £95,237, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £468 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 3, Alma House, Shrewsbury was last sold on 04 Mar 2022 for £107,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2022, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 3, Alma House, Shrewsbury within a radius of 580 metres over the last 2 years.
The most recent example is Flat 1, Alma House, Alma Street, Shrewsbury, SY3 8QT, a Leasehold flat which sold for £70,000 in Nov 2020.
Read more about house prices in SY3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Alma Street, Shrewsbury, SY3 has a total of 34 addresses. According to our analysis of all the public data, Flat 3, Alma House, Shrewsbury is the 26th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £223k less expensive than the average property in SY3.
Flat 3, Alma House, Shrewsbury has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Jun 2020.
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 Flat 3, Alma House, 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 Flat 3, Alma House, Shrewsbury, 36.5% of property is privately rented and 33.9% 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 Flat 3, Alma House, Shrewsbury, 13.7% of residents are recorded as possessing school level qualifications and 43.9% 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 Flat 3, Alma House, 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 3, Alma House, 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 Flat 3, Alma House, 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.