This estimated value is based upon the latest sale price for the house of £139,950 on 30 Jan 1998. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE1
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|£139,950||30 Jan 1998|
|£100,000||31 May 1995|
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 January 1998 the House Price Index for WORCESTERSHIRE was 35.3.The House Price Index as of 1 Jun 2019 is 125.2 which is a change of 254.841%.
Applying this 254.841% change to the original purchase price of £139,950 gives us an estimated price now of around £496,600.
|30 Jan 1998||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the B48 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||228.749 %||£320,134||£460,084|
|3 Month Average||256.471 %||£358,930||£498,880|
|6 Month Average||278.807 %||£390,190||£530,140|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In January 1998 the average sale price for the 50 nearest sales within four miles of WILLOWBROOK OLD RECTORY LANE was £60,847.
In October 2019 the average sale price for the 50 nearest sales was £172,604. This is a change of 183.669%.
So taking the original purchase price of £139,950 and adjusting it by 183.669% gives an estimated price of £396,995.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 Jan 1998||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|3 Apr 2019||£429,549||£423,000||41 BIRMINGHAM ROAD|
|4 Feb 2019||£422,666||£415,000||19 BIRMINGHAM ROAD|
|7 Jan 2019||£568,523||£559,950||55 BIRMINGHAM ROAD|
|7 Dec 2018||£342,642||£340,000||53 HOLLINGTON ROAD|
|24 Oct 2018||£422,424||£420,000||103 BIRMINGHAM ROAD|