£947,515
This estimated value is based upon the latest sale price for the house of £876,101 on 26 Nov 2021. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £876,101 | 26 Nov 2021 |
| £220,000 | 25 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 801 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 £876,101 results in an estimated price of approximately £947,515.
| 26 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £876,101 | £71,414 | £947,515 |
The Postcode Pricing Model uses changes in average sales price within the WR12 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 | 0.515 % | £4,515 | £880,616 |
| 3 Month Average | -15.669 % | £-137,277 | £738,823 |
| 6 Month Average | -9.853 % | £-86,325 | £789,775 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2022 | £2,148,970 | £2,175,000 | CHIPPINGS SPRINGFIELD LANE |
| 19 Jul 2022 | £1,052,834 | £1,050,000 | HIGH GABLES SPRINGFIELD LANE |
| 30 Jun 2022 | £86,218 | £85,000 | FLAT 30 BREDON COURT STATION ROAD |
| 25 May 2022 | £1,331,081 | £1,306,000 | ROSE GARTH SPRINGFIELD LANE |
| 28 Apr 2022 | £209,049 | £203,000 | 44 BREDON MEWS STATION ROAD |
This house has a floor area of 74 sq meters or 801 sq feet when measured on 27 Mar 2012. Using an estimated price of £947,515 means this house is valued at £12,718 per sq meter (£1,181 per sq foot).
The average size of a house on SPRINGFIELD LANE is 223 sq meters (2,409 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (801 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Scarp View | |
| Feb 2024 | Anti-social behaviour | On or near Scarp View | |
| Jan 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Anti-social behaviour | On or near Parking Area |