£223,395
This estimated value is based upon the latest sale price for the house of £185,000 on 18 May 2020. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £185,000 | 18 May 2020 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2020 the House Price Index for WORCESTERSHIRE was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £185,000 results in an estimated price of approximately £223,395.
| 18 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £185,000 | £38,395 | £223,395 |
The Postcode Pricing Model uses changes in average sales price within the WR3 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 | 49.083 % | £90,802 | £275,802 |
| 3 Month Average | 28.327 % | £52,405 | £237,405 |
| 6 Month Average | 22.043 % | £40,779 | £225,779 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 21 Jan 2020.
The average size of a house on RAINBOW HILL is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Kenilworth Close | |
| Mar 2024 | Anti-social behaviour | On or near Kendall Street | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Rainbow Hill |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Rainbow Hill |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lansdowne Walk |