According to the public record, Lane House, Shrewsbury is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Quarry Place, Shrewsbury, SY1 is located within the SY1 postal district.
Lane House, Shrewsbury has 31 entries in the Land Registry database, most recently in November 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Lane House Shrewsbury as £987,068 and the rental value as £2,757 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of Lane House Shrewsbury has decreased by £9,271 (0.9%) and its rental value has decreased by £34 per month (1.2%).
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 Lane House, Shrewsbury is in very good condition we estimate a sale value of £1,036,421 and rental value of £2,895 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £917,973 and a rental value of £2,564 per month.
If you were able to purchase this property for the estimated value of £987,068, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,851 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, Lane House, Shrewsbury was last sold on 30 Nov 2017 for £1,275,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2017, the market for similar properties has risen 31.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lane House, Shrewsbury within a radius of 640 metres over the last 2 years.
The most recent example is 13, Swan Hill, Shrewsbury, SY1 1NL, a Freehold house which sold for £1,175,000 in Feb 2023.
Read more about house prices in SY1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Quarry Place, Shrewsbury, SY1 has a total of 24 addresses. According to our analysis of all the public data, Lane House, Shrewsbury is the 2nd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £760k more expensive than the average property in SY1.
The closest station to Lane House, 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 Lane House, 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 Lane House, 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 Lane 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 Lane House, 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 Lane House, 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.