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House Prices in SY3 House Prices in SY3 (Shrewsbury)

The average house price in SY3 (Shrewsbury) is £339,791 using HM Land Registry data.

The average property price increased by £78,179 (26.68%) over the last 5 years and increased by £15,629 (4.01%) over the last 12 months.

Over the last year, there were 390 residential property sales – a decrease of 109 transactions (-27.95%) relative to the previous year. The majority of house sales (110) were in the £218,000 - £296,000 range. Then came properties in the £140,000 - £218,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,980 (-2%).

In June 2024, there were 117 new estate agency instructions, 78 agreed home sales and 46 property price reductions.

Nearby Postcodes: CH3, CW3, CW5, CW6, LD1, LD5, LD6, LD7, LL13, LL14, LL20, LL21, LL23, LL35, LL36, LL40, SA19, SA20, SA46, SA48, SY1, SY10, SY11, SY12, SY13, SY14, SY15, SY16, SY17, SY18, SY19, SY2, SY20, SY21, SY22, SY23, SY24, SY25, SY4, SY5, SY6, SY7, SY9, TF13, TF6, TF8, TF9

5-Year Average Property Prices in SY3 (Shrewsbury)

26.68%

Property prices in Shrewsbury increased by 26.68% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SY3 (Shrewsbury) Over the Last Year

4.01%

Property prices in Shrewsbury increased by 4.01% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SY3 (Shrewsbury) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SY3 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SY3 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SY3 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SY3 (Shrewsbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY3 postcode area since 1995.

Recent Sales in SY3 (Shrewsbury)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Collingwood Drive, Bowbrook, Shrewsbury, Shropshire, SY3 5HP£425,000£418,500-£6,50025 Oct 202317 Apr 2024175 Days
5 The Oval, Bicton, Shrewsbury, Shropshire, SY3 8ER£310,000£300,000-£10,00004 Jan 202412 Apr 202499 Days
3 Uppington Avenue, Shrewsbury, Shropshire, SY3 7JL£675,000£662,500-£12,50005 Sep 202311 Apr 2024219 Days
5 The Broadwell, Shrewsbury, Shropshire, SY3 6AD£289,995£280,000-£9,99506 Oct 202310 Apr 2024187 Days
2 Kenwood Gardens, Shrewsbury, Shropshire, SY3 8AG£410,000£410,000£0017 Jan 202403 Apr 202477 Days
21 Moreton Crescent, Belle Vue, Shrewsbury, Shropshire, SY3 7BY£315,000£315,000£0013 Nov 202302 Apr 2024141 Days
57 Hereford Road, Shrewsbury, Shropshire, SY3 7QY£239,950£239,950£0010 Oct 202328 Mar 2024170 Days
83 The Paddocks, Bicton Heath, Shrewsbury, Shropshire, SY3 5ER£75,000£75,000£0029 Nov 202326 Mar 2024118 Days
142 Copthorne Road, Shrewsbury, Shropshire, SY3 8LT£400,000£380,000-£20,00013 Sep 202326 Mar 2024195 Days
15 Sutton Lane, Shrewsbury, Shropshire, SY3 7QQ£372,000£365,000-£7,00012 Jan 202425 Mar 202473 Days
14 Thomas Court, Shrewsbury, Shropshire, SY3 7EX£300,000£288,100-£11,90003 Nov 202325 Mar 2024143 Days
19 Amber Hill, Radbrook, Shrewsbury, Shropshire, SY3 6DE£220,000£220,000£0025 Jan 202425 Mar 202460 Days
5 Lonsdale Drive, Shrewsbury, Shropshire, SY3 9QJ£650,000£635,000-£15,00001 Sep 202318 Mar 2024199 Days
14 Grove Lane, Bayston Hill, Shrewsbury, Shropshire, SY3 0HJ£340,000£315,000-£25,00004 Sep 202315 Mar 2024193 Days
12 Swiss Farm Road, Shrewsbury, Shropshire, SY3 8XB£325,000£310,000-£15,00013 Apr 202314 Mar 2024336 Days
37 The Knolls, Bicton Heath, Shrewsbury, Shropshire, SY3 5DR£169,995£162,500-£7,49511 Oct 202313 Mar 2024154 Days
17 Primrose Drive, Shrewsbury, Shropshire, SY3 7TP£350,000£343,000-£7,00009 Oct 202306 Mar 2024149 Days
53 Lyth Hill Road, Bayston Hill, Shrewsbury, Shropshire, SY3 0EU£375,000£375,000£0016 Aug 202306 Mar 2024203 Days
12 Foxley Grove, Bicton Heath, Shrewsbury, Shropshire, SY3 5DF£399,995£383,000-£16,99523 Aug 202301 Mar 2024191 Days
26 Rothley Close, Shrewsbury, Shropshire, SY3 6AN£395,000£395,000£0004 Oct 202323 Feb 2024142 Days

Most Expensive Streets in SY3 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY3 8PPThe MountShrewsbury£1,450,0004
SY3 9ABRidgebourne RoadShrewsbury£790,5004
SY3 8PLThe MountShrewsbury£776,8754
SY3 8PNThe MountShrewsbury£729,5004
SY3 8PHThe MountShrewsbury£701,0005
SY3 7ABKennedy RoadShrewsbury£693,1005
SY3 8NBCopthorne RoadShrewsbury£685,3333
SY3 9AURoman RoadShrewsbury£681,6663
SY3 7AHCanonburyShrewsbury£663,0005
SY3 7NEHavelock RoadShrewsbury£659,0003

Least Expensive Streets in SY3 (Shrewsbury)

PostcodeStreetAreaAverageNo. of Sales
SY3 5ERThe Paddocks, Bicton HeathShrewsbury£75,3336
SY3 5DNBriery Lane, Bicton HeathShrewsbury£81,4998
SY3 8QTAlma House, Alma Street, ShrewsburyShrewsbury£82,0004
SY3 5NFLambourn DriveShrewsbury£84,5004
SY3 5EPThe Paddocks, Bicton HeathShrewsbury£96,1663
SY3 5ESThe Ridings, Bicton HeathShrewsbury£100,6305
SY3 9JBAlms CourtShrewsbury£115,4287
SY3 5AWThe Orchard, Bicton HeathShrewsbury£116,5004
SY3 8RLBrickfield FlatsShrewsbury£117,3217
SY3 5EWGreystone Court, Bicton HeathShrewsbury£117,5004

Explore SY3 (Shrewsbury) using map

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