Shrewsbury

Area Guide For Shrewsbury

Shrewsbury is the county town of Shropshire, in the West Midlands region of England. Lying on the River Severn, it is a borough home to some 96,000 inhabitants, and is the primary settlement and headquarters of Shropshire Council. It is the second largest town in the ceremonial county of Shropshire, after Telford. Shrewsbury is a historic market town with the town centre having a largely unaltered medieval street plan. The town features over 660 historic listed buildings, including several examples of timber framing from the 15th and 16th century. Shrewsbury Castle, a red sandstone castle fortification, and Shrewsbury Abbey, a former Benedictine monastery, were founded in 1074 and 1083 respectively, by the Norman Earl of Shrewsbury, Roger de Montgomery. The town hosts one of the oldest and largest horticultural events in the country, Shrewsbury Flower Show, and is known for its floral displays, having won various awards since the turn of the 21st century, including Britain in Bloom in 2006. Today, lying 9 miles (14 km) east of the Welsh border, Shrewsbury serves as a cultural and commercial centre for the ceremonial county and a large area of mid-Wales,

 
 

Shrewsbury Map

Estimated Price: £227,569
Average Asking Price: £268,573
Price change in last one year: £9,046
Average Price Paid: £199,275
Average Rent Rates: £1,110

 
 

Property Prices Breakdown in Shrewsbury

Average Price for property in Shrewsbury is around £227,569 which varies based on type of property you are interested in and ranges from £315,425 for detached house to around £192,183 for semi-detached. Similarly terraced house is around £162,915 and a flat is worth £140,367. Values have been changing and have risen £922 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £622 in last 6 months, £9,046 in last 1 year, £17,566 in last 2 years, £19,907 in last 3 years, £20,188 in last 4 years and £20,606 in last 5 years.

Currently average asking price of a property in Shrewsbury is around £268,573 based on approximately 1,578 properties for sale. Same is the case with rental options based on 281 properties up for rent, average asking rent is around £1,110 per month.

Estimated property value in Shrewsbury is £227,569. Average asking price is £268,573 while average price paid is £204,021 which is up by £9,046 and Avg. asking rent £1,110.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Shrewsbury area. In last 1 year alone average price buyer paid is around £204,021 based on approximately 1,578 sales in Shrewsbury area alone. If you compare it to last 3 years sales of 4,620 properties where buyers paid around £198,771. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £199,275 for 7,308 and average amount paid for purchase of approx. 9,572 properties sold in last 7 years comes to about £199,159 per sale.

 
 

Properties For Sale in Shrewsbury

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £95,432, £153,043 for a 2 bedroom house, £224,052 for a 3 bedroom house, £342,793 for a 4 bedroom house and £451,739 for a 5 bedroom house. For a flat similarly the prices varies from £102,176 for a single bedroom to £169,525 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £225,739. To sum up the asking prices for properties in Shrewsbury it comes to around average £100,912 for 1 bedroom property, £160,138 for 2 bedroom, £224,164 for 3 bedroom, £342,793 for 4 bedroom and £451,739 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £449 for 1 bedroom to £595 for 2 bedrooms, £725 for 3 bedrooms, £1,134 for 4 bedrooms and £1,114 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £434. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £612 and £681 for 3 bedroom. You should be generally be expecting around average £436 rent per month for single bedroom property, £603 for 2 bedroom, £719 for 3 bedroom, £1,134 for 4 bedroom and approximately £1,114 for a 5 bedroom property in Shrewsbury area.

Popular Houses in Shrewsbury

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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