£454,235
This estimated value is based upon the latest sale price for the house of £420,000 on 16 Nov 2021. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £420,000 | 16 Nov 2021 |
| £285,000 | 23 May 2014 |
| Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 November 2021 the House Price Index for WORCESTERSHIRE was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £420,000 results in an estimated price of approximately £454,235.
| 16 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £420,000 | £34,235 | £454,235 |
The Postcode Pricing Model uses changes in average sales price within the WR9 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 | -45.288 % | £-190,208 | £229,791 |
| 3 Month Average | 9.256 % | £38,873 | £458,873 |
| 6 Month Average | 11.317 % | £47,530 | £467,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £433,795 | £430,000 | 29 ARKLE ROAD |
| 3 Mar 2023 | £499,708 | £495,000 | 1 MULBERRY TREE HILL |
| 24 Feb 2023 | £229,845 | £230,000 | 30 MULBERRY TREE HILL |
| 27 Jun 2022 | £243,440 | £240,000 | 4 MULBERRY TREE HILL |
| 28 Feb 2022 | £513,860 | £490,000 | 4 GORSE CLOSE |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 5 Jun 2013. Using an estimated price of £454,236 means this house is valued at £3,028 per sq meter (£281 per sq foot).
The average size of a house on LILAC CLOSE is 158 sq meters (1,707 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Arkle Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Arkle Close |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Mulberry Tree Hill |
| Jan 2024 | Anti-social behaviour | On or near Mulberry Tree Hill | |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Mulberry Tree Hill |