£345,034
This estimated value is based upon the latest sale price for the house of £280,000 on 23 Nov 2018. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £280,000 | 23 Nov 2018 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2018 the House Price Index for WORCESTERSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £280,000 results in an estimated price of approximately £345,034.
| 23 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £280,000 | £65,034 | £345,034 |
The Postcode Pricing Model uses changes in average sales price within the WR11 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 | 38.321 % | £107,298 | £387,298 |
| 3 Month Average | 46.210 % | £129,387 | £409,387 |
| 6 Month Average | 22.902 % | £64,125 | £344,125 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £218,798 | £216,000 | 81 LARKSPUR DRIVE |
| 14 Jul 2023 | £359,843 | £355,000 | 110 CHELTENHAM ROAD |
| 28 Apr 2023 | £371,500 | £367,500 | 190 CHELTENHAM ROAD |
| 30 Mar 2022 | £544,038 | £525,000 | 93 CHELTENHAM ROAD |
| 18 Mar 2022 | £430,049 | £415,000 | 186 CHELTENHAM ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 30 Aug 2018. Using an estimated price of £345,034 means this house is valued at £3,485 per sq meter (£323 per sq foot).
The average size of a house on CHELTENHAM ROAD is 124 sq meters (1,341 sq feet).