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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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The public record lists Millrace, Craven Arms as a freehold house sitting on a 542 m2 plot.
Comparison with its neighbours suggests a modern house with 1,542 ft2 of internal area and a garden.
In this area, houses of this size normally have 4 bedrooms.
Millrace, Craven Arms has an estimated sale value of £412,721 and an estimated rental value of £1,183 per month, assuming reasonable condition and based on the information available.
Newcastle, Craven Arms, SY7 lies within the SY7 postal district.
Millrace, Craven Arms has a single entry in the Land Registry from April 2009 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 3 out of 5 and is considered of medium accuracy.
In very good condition, we estimate Millrace, Craven Arms would be worth £433,357, with a potential rental value of £1,242 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £383,830, with a rental value of £1,100 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Millrace, Craven Arms has moved down by £10,422 (2.5%) over the last year. During the same period, its estimated monthly rental value has increased by £31 (2.7%). The property's estimated gross yield is currently 3.4%.
Millrace, Craven Arms occupies a 542 m2 plot as recorded by HM Land Registry.
Of the 58 other houses in this postcode, 41 have recorded plot sizes, and this one ranks as the 35th largest.
Millrace, Craven Arms last changed hands on 14th April 2009, selling for £300,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 43.8% since April 2009.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 9.6 kilometres of Millrace, Craven Arms across the last 2 years.
Most recently, The Cider Press, Newcastle Court, Craven Arms, SY7 8QL, a freehold house, sold at £325,000 on the 9th November 2020.
Read more about house prices in SY7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Millrace, Craven Arms as the 64th largest and the 82nd most expensive of the 173 addresses on Newcastle, Craven Arms, SY7.
Against the SY7 postcode district average, it is £79k more expensive than the typical property.
Knucklas station is the nearest stop to Millrace, Craven Arms at 8.2 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Millrace, Craven Arms, 69.2% of property is privately owned outright and 16.2% is privately owned with a mortgage.
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 Millrace, Craven Arms, 10.9% of residents are recorded as possessing school level qualifications and 37.7% 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 Millrace, Craven Arms, the average age was 51.5 and the most common age was 72.
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 Millrace, Craven Arms, 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 Millrace, Craven Arms, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
