Sparrow Lane, Shrewsbury, SY2

Street Guide For Sparrow Lane, Shrewsbury, SY2

 

Sparrow Lane, Shrewsbury, SY2 Map

Estimated Price: £338,041
Average Asking Price: £252,447
Price change in last one year: £5,980
Average Price Paid: £335,000
Average Rent Rates: £1,504

 

Property Prices Breakdown in Sparrow Lane, Shrewsbury, SY2

Average Price for property in Sparrow Lane, Shrewsbury, SY2 is around £338,041 e.g. average price for detached house is around 338,041. Values have been changing and have risen £606 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,992 in last 6 months, £5,980 in last 1 year, £21,759 in last 2 years, £23,114 in last 3 years, £25,508 in last 4 years and £20,935 in last 5 years.

Currently average asking price of a property in Sparrow Lane, Shrewsbury, SY2 is around £252,447 based on approximately 0 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £1,504 per month.

Estimated property value in Sparrow Lane, Shrewsbury, SY2 is £338,041. Average asking price is £252,447 while average price paid is £335,000 which is up by £20,935 and Avg. asking rent £1,504.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 Sparrow Lane, Shrewsbury, SY2 area. In last 5 years alone average price buyer paid is around £335,000 based on approximately 1 sales in Sparrow Lane, Shrewsbury, SY2 area alone. If you compare it to last 7 years sales of 1 properties where buyers paid around £335,000.

 
 

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 £87,498, £158,654 for a 2 bedroom house, £207,247 for a 3 bedroom house, £353,953 for a 4 bedroom house and £405,331 for a 5 bedroom house. For a flat similarly the prices varies from £127,990 for a single bedroom to £180,261 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £223,000. To sum up the asking prices for properties in Sparrow Lane, Shrewsbury, SY2 it comes to around average £116,421 for 1 bedroom property, £174,705 for 2 bedroom, £209,610 for 3 bedroom, £353,953 for 4 bedroom and £405,331 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 £705 for 3 bedroom to £1,499 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £832. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £524. You should be generally be expecting around average £832 rent per month for 2 bedroom property, £685 for 3 bedroom and approximately £1,499 for 4 bedroom property in Sparrow Lane, Shrewsbury, SY2 area.

Popular Houses in Sparrow Lane, Shrewsbury, SY2

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.

Areas in and around Sparrow Lane, Shrewsbury, SY2