£417,123
This estimated value is based upon the latest sale price for the house of £242,000 on 2 Dec 2011. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £242,000 | 2 Dec 2011 |
| £120,000 | 14 Nov 2002 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,177 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 December 2011 the House Price Index for WORCESTERSHIRE was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £242,000 results in an estimated price of approximately £417,123.
| 2 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £242,000 | £175,123 | £417,123 |
The Postcode Pricing Model uses changes in average sales price within the WR14 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 | 166.303 % | £402,454 | £644,454 |
| 3 Month Average | 67.548 % | £163,464 | £405,464 |
| 6 Month Average | 64.398 % | £155,843 | £397,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £161,059 | £159,000 | FLAT 5 ETONHURST UPPER CHASE ROAD |
| 31 Jul 2023 | £283,820 | £280,000 | 1 POUND BANK ROAD |
| 6 Jun 2023 | £313,801 | £310,000 | 26 LOWER CHASE ROAD |
| 27 May 2022 | £241,551 | £237,000 | 8 UPPER CHASE ROAD |
| 3 Mar 2022 | £286,008 | £276,000 | 16 POUND BANK ROAD |
This house has a floor area of 109 sq meters or 1,177 sq feet when measured on 17 Aug 2011. Using an estimated price of £417,123 means this house is valued at £3,812 per sq meter (£354 per sq foot).
The average size of a house on LOWER CHASE ROAD is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Lower Chase Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lower Chase Road |