£401,014
This estimated value is based upon the latest sale price for the house of £320,000 on 26 Mar 2018. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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Price Paid | Date |
---|---|
£320,000 | 26 Mar 2018 |
Detached |
Freehold |
Floor Area: 157 sq meters or 1,689 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 March 2018 the House Price Index for WORCESTERSHIRE was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £320,000 results in an estimated price of approximately £401,014.
26 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 148.6 | 25.317 % | £320,000 | £81,014 | £401,014 |
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 | 58.051 % | £185,762 | £505,762 |
3 Month Average | 13.302 % | £42,565 | £362,565 |
6 Month Average | 35.591 % | £113,892 | £433,892 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £407,123 | £400,000 | 82 WEDDERBURN ROAD |
24 Jul 2023 | £598,049 | £590,000 | 42 BELLARS LANE |
12 Jun 2023 | £582,050 | £575,000 | 36 BELLARS LANE |
31 Mar 2023 | £268,530 | £266,000 | 15 SHENSTONE CLOSE |
9 Jan 2023 | £426,989 | £429,000 | 39 BELLARS LANE |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 25 Mar 2019. Using an estimated price of £401,014 means this house is valued at £2,554 per sq meter (£237 per sq foot).
The average size of a house on WEDDERBURN ROAD is 104 sq meters (1,126 sq feet).
This house is the largest in the street with a floor area of 157 sq meters (1,689 sq feet).