£266,494
This estimated value is based upon the latest sale price for the house of £144,950 on 14 Jul 2005. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £144,950 | 14 Jul 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 693 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 July 2005 the House Price Index for WORCESTERSHIRE was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £144,950 results in an estimated price of approximately £266,494.
| 14 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £144,950 | £121,544 | £266,494 |
The Postcode Pricing Model uses changes in average sales price within the WR5 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 | 113.382 % | £164,346 | £309,296 |
| 3 Month Average | 98.399 % | £142,628 | £287,578 |
| 6 Month Average | 73.902 % | £107,121 | £252,071 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £190,435 | £188,000 | 18 SPRING LANE |
| 21 Apr 2023 | £221,384 | £219,000 | 3 HILL STREET |
| 17 Mar 2023 | £131,236 | £130,000 | 22 SPRING LANE |
| 17 Mar 2023 | £156,979 | £155,500 | 14 SPRING HILL |
| 4 Aug 2022 | £114,691 | £115,000 | FLAT 1 22 HILL STREET |
This house has a floor area of 64 sq meters or 693 sq feet when measured on 2 Mar 2012. Using an estimated price of £266,495 means this house is valued at £4,136 per sq meter (£384 per sq foot).
The average size of a house on SPRING LANE is 57 sq meters (620 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Spring Lane |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Lane |
| Jan 2024 | Bicycle theft | Under investigation | On or near Spring Lane |
| Jan 2024 | Bicycle theft | Unable to prosecute suspect | On or near Spring Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Cecil Road |