£157,192
This estimated value is based upon the latest sale price for the house of £155,500 on 21 Apr 2023. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £155,500 | 21 Apr 2023 |
| £50,000 | 25 Dec 2008 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 sq feet |
This model uses changes in the Official Land Registry House Price Index for WORCESTERSHIRE to estimate the market value.
When this house was purchased in April 2023 the House Price Index for WORCESTERSHIRE was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £155,500 results in an estimated price of approximately £157,192.
| 21 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 148.6 | 1.088 % | £155,500 | £1,692 | £157,192 |
The Postcode Pricing Model uses changes in average sales price within the WR1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -32.500 % | £-50,537 | £104,962 |
| 3 Month Average | -4.924 % | £-7,656 | £147,843 |
| 6 Month Average | 17.627 % | £27,410 | £182,910 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £234,096 | £230,000 | 25 BARRY STREET |
| 21 Apr 2023 | £157,193 | £155,500 | 12 LOWELL STREET |
| 17 Mar 2023 | £211,997 | £210,000 | 65 SOUTHFIELD STREET |
| 6 Feb 2023 | £139,906 | £140,000 | 42 WASHINGTON STREET |
| 5 Aug 2022 | £209,436 | £210,000 | 8 BARRY STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 20 Jul 2018. Using an estimated price of £157,193 means this house is valued at £2,015 per sq meter (£187 per sq foot).
The average size of a house on LOWELL STREET is 76 sq meters (822 sq feet).