£274,881
This estimated value is based upon the latest sale price for the house of £220,000 on 28 Feb 2018. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 28 Feb 2018 |
| Flats/Maisonettes |
| Leasehold |
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 February 2018 the House Price Index for WORCESTERSHIRE was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £220,000 results in an estimated price of approximately £274,881.
| 28 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £220,000 | £54,881 | £274,881 |
The Postcode Pricing Model uses changes in average sales price within the DY11 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 | -16.698 % | £-36,736 | £183,263 |
| 3 Month Average | 11.214 % | £24,671 | £244,671 |
| 6 Month Average | 17.559 % | £38,628 | £258,628 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2023 | £709,550 | £700,000 | THE VICARAGE WOLVERLEY VILLAGE |
| 16 Jan 2023 | £383,195 | £385,000 | FLAT 3 WOLVERLEY HOUSE WOLVERLEY VILLAGE |
| 4 Oct 2022 | £227,550 | £230,000 | 31 FRANCHE ROAD |
| 26 Sep 2022 | £461,275 | £465,000 | THE COURT HOUSE WOLVERLEY VILLAGE |
| 1 Sep 2022 | £619,993 | £625,000 | 2 BEECHCOTE HOUSE MILL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Drakelow Lane |
| Feb 2024 | Possession of weapons | Under investigation | On or near Mill Lane |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Shortyard |