£699,882
This estimated value is based upon the latest sale price for the house of £150,000 on 28 Aug 1998. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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Price Paid | Date |
---|---|
£150,000 | 28 Aug 1998 |
Detached |
Freehold |
Floor Area: 175 sq meters or 1,883 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 August 1998 the House Price Index for WORCESTERSHIRE was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £150,000 results in an estimated price of approximately £699,882.
28 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 148.6 | 366.588 % | £150,000 | £549,882 | £699,882 |
The Postcode Pricing Model uses changes in average sales price within the B97 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 | 306.963 % | £460,445 | £610,445 |
3 Month Average | 267.729 % | £401,593 | £551,593 |
6 Month Average | 257.484 % | £386,226 | £536,226 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £430,798 | £425,000 | 2 NEWPORT CLOSE |
10 Feb 2023 | £309,792 | £310,000 | 44 MILFORD CLOSE |
31 May 2022 | £418,893 | £411,000 | 2 MOORCROFT CLOSE |
29 Sep 2021 | £282,329 | £262,000 | 192 MOORCROFT GARDENS |
2 Nov 2020 | £384,905 | £332,000 | 193 MOORCROFT GARDENS |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 9 Aug 2016. Using an estimated price of £699,882 means this house is valued at £3,999 per sq meter (£371 per sq foot).
There is one other house on the street which we know the size of, this is 4 LONGBOROUGH CLOSE it is 194.0