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 Dec 2019 is 123.5 which is a change of 250.037%.
Applying this 250.037% change to the original purchase price of £139,950 gives us an estimated price now of around £489,876.
|30 Jan 1998||1 Dec 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||288.319 %||£403,502||£543,452|
|3 Month Average||340.142 %||£476,028||£615,978|
|6 Month Average||272.083 %||£380,780||£520,730|
|Date||Current Estimated Value||Price Paid||Address|
|4 Oct 2019||£198,217||£199,950||29 KINGFISHER COURT|
|3 Apr 2019||£423,970||£423,000||41 BIRMINGHAM ROAD|
|8 Feb 2019||£296,698||£295,000||42 HOLLINGTON ROAD|
|4 Feb 2019||£417,389||£415,000||19 BIRMINGHAM ROAD|
|4 Feb 2019||£331,900||£330,000||8 HOLLINGTON ROAD|