Full Address

WILLOWBROOK OLD RECTORY LANE
ALVECHURCH
BIRMINGHAM
WORCESTERSHIRE
UNITED KINGDOM
B48 7SX

Estimated Market Value

£496,601

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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Transactions for this house
Price PaidDate
£139,95030 Jan 1998
£100,00031 May 1995
House Details
Semi-Detached
Freehold

House Price Models

Land Registry House Price Index Model

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
35.3 125.2 254.841 % £139,950 £356,650 £496,600

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
£60,847 £172,604 183.669 % £139,950 £257,045 £396,995
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
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

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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