According to the public record, Flat 4, Mill House, Shrewsbury is a mid-century leasehold apartment and with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mill House, Mill Street, Wem, Shrewsbury, SY4.
Mill Street, Wem, Shrewsbury, SY4 is located within the SY4 postal district.
Flat 4, Mill House, Shrewsbury has 21 entries in the Land Registry database, most recently in March 2018 and no records in the EPC database.
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 4 Mill House Shrewsbury as £100,446 and the rental value as £489 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 4 Mill House Shrewsbury has increased by £3,034 (3.0%) and its rental value has increased by £10 per month (2.0%).
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 4, Mill House, Shrewsbury is in very good condition we estimate a sale value of £105,469 and rental value of £514 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,415 and a rental value of £455 per month.
If you were able to purchase this property for the estimated value of £100,446, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £494 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 4, Mill House, Shrewsbury was last sold on 29 Mar 2018 for £59,995 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2018, the market for similar properties has risen 25.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Mill House, Shrewsbury within a radius of 195m over the last 2 years.
The most recent example is 89, Eckford Park, Shrewsbury, SY4 5HL, a Leasehold flat which sold for £112,500 in Oct 2023.
Read more about house prices in SY4.
Mill Street, Wem, Shrewsbury, SY4 has a total of 131 addresses. According to our analysis of all the public data, Flat 4, Mill House, Shrewsbury is the 74th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £232k less expensive than the average property in SY4.
Flat 4, Mill House, Shrewsbury has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Feb 2013.
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 Flat 4, Mill House, Shrewsbury is Wem station which is 800 m 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 4, Mill House, Shrewsbury, 33.3% of property is privately owned outright and 25.6% is socially 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 4, Mill House, Shrewsbury, 9.4% of residents are recorded as possessing school level qualifications and 28.9% 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 4, Mill House, Shrewsbury, the average age was 45.1 and the most common age was 17.
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 4, Mill House, Shrewsbury, 0.0% 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 4, Mill House, Shrewsbury, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.