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According to the public record, Flat 404, The Cedars, Shrewsbury is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 698 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 404, The Cedars, Shrewsbury is £151,848 and the estimated rental value is £805 per month.
The apartment is within The Cedars, Abbey Foregate, Shrewsbury, SY2.
Abbey Foregate, Shrewsbury, SY2 is located within the SY2 postal district.
Flat 404, The Cedars, Shrewsbury has 41 entries in the Land Registry , most recently in June 2015 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 404, The Cedars, Shrewsbury is in very good condition we estimate a sale value of £159,440 and a rental value of £845 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £141,219 and a rental value of £749 per month.
Over the last 12 months the sale value of Flat 404 The Cedars Shrewsbury has increased by an estimated £379 (0.2%) and its rental value has increased by an estimated £39 per month (4.8%), giving an expected gross yield of 6.4%.
According to HM Land Registry, Flat 404, The Cedars, Shrewsbury was last sold on 12th June 2015 for £122,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since June 2015, the market for similar properties has risen 20.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 404, The Cedars, Shrewsbury within a radius of 530 metres over the last 2 years.
The most recent example is Flat 324, The Cedars, Abbey Foregate, Shrewsbury, SY2 6BY, a leasehold flat which sold for £158,000 on the 24th March 2023.
Read more about house prices in SY2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbey Foregate, Shrewsbury, SY2 has a total of 579 addresses. According to our analysis of all the public data, Flat 404, The Cedars, Shrewsbury is the 202nd largest and the 312th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in SY2.
The closest station to Flat 404, The Cedars, Shrewsbury is Shrewsbury station which is 900 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 404, The Cedars, Shrewsbury, 62.7% of property is privately owned outright and 28.8% is privately rented.
The graph below shows how this compares to West Midlands 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 404, The Cedars, Shrewsbury, 3.0% of residents are recorded as possessing school level qualifications and 38.2% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 404, The Cedars, 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 404, The Cedars, Shrewsbury, 1.7% 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 404, The Cedars, Shrewsbury, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
