£245,931
This estimated value is based upon the latest sale price for the house of £160,000 on 13 Jun 2014. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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Price Paid | Date |
---|---|
£160,000 | 13 Jun 2014 |
Semi-Detached |
Freehold |
Floor Area: 81 sq meters or 871 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 June 2014 the House Price Index for WORCESTERSHIRE was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £160,000 results in an estimated price of approximately £245,931.
13 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.7 | 148.6 | 53.707 % | £160,000 | £85,931 | £245,931 |
The Postcode Pricing Model uses changes in average sales price within the WR14 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 | 132.918 % | £212,669 | £372,669 |
3 Month Average | 40.446 % | £64,714 | £224,714 |
6 Month Average | 51.910 % | £83,055 | £243,055 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £274,808 | £270,000 | 25 YATES HAY ROAD |
15 Jul 2022 | £232,626 | £232,000 | 6 MEADWAY |
25 Mar 2022 | £279,791 | £270,000 | 42 MEADWAY |
18 Feb 2022 | £278,523 | £265,590 | 18 KNAPP WAY |
28 Oct 2021 | £258,916 | £234,000 | 15 KNAPP WAY |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 13 Mar 2015. Using an estimated price of £245,932 means this house is valued at £3,036 per sq meter (£282 per sq foot).
The average size of a house on MEADWAY is 76 sq meters (821 sq feet).