£505,243
This estimated value is based upon the latest sale price for the house of £335,000 on 31 Oct 2014. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £335,000 | 31 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,722 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 October 2014 the House Price Index for WORCESTERSHIRE was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £335,000 results in an estimated price of approximately £505,243.
| 31 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £335,000 | £170,243 | £505,243 |
The Postcode Pricing Model uses changes in average sales price within the DY12 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 | 10.325 % | £34,590 | £369,590 |
| 3 Month Average | 22.568 % | £75,602 | £410,602 |
| 6 Month Average | 44.065 % | £147,618 | £482,618 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £203,121 | £200,000 | 3 SANDY BANK |
| 20 Dec 2023 | £192,928 | £187,000 | 71 WINBROOK |
| 6 Dec 2023 | £175,389 | £170,000 | SOUTHSIDE COTTAGE DOG LANE |
| 26 Oct 2023 | £223,066 | £218,000 | 16 WELCH GATE |
| 16 Mar 2023 | £483,067 | £475,000 | 1 TELFORD DRIVE |
This house has a floor area of 160 sq meters or 1,722 sq feet when measured on 8 Jul 2014. Using an estimated price of £505,243 means this house is valued at £3,157 per sq meter (£293 per sq foot).
The average size of a house on PARK LANE is 142 sq meters (1,528 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Park Close |
| Jul 2024 | Anti-social behaviour | On or near Venus Bank | |
| Jul 2024 | Anti-social behaviour | On or near Venus Bank | |
| Jun 2024 | Anti-social behaviour | On or near Venus Bank | |
| Jun 2024 | Anti-social behaviour | On or near Venus Bank |