£248,691
This estimated value is based upon the latest sale price for the house of £87,000 on 21 Jun 2002. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £87,000 | 21 Jun 2002 |
| £51,000 | 11 Oct 1999 |
| Terraced |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 2002 the House Price Index for WORCESTERSHIRE was 52.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 185.852%.Applying this 185.852% change to the original purchase price of £87,000 results in an estimated price of approximately £248,691.
| 21 Jun 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 52.0 | 148.6 | 185.852 % | £87,000 | £161,691 | £248,691 |
The Postcode Pricing Model uses changes in average sales price within the WR5 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 | 105.970 % | £92,194 | £179,194 |
| 3 Month Average | 157.836 % | £137,317 | £224,317 |
| 6 Month Average | 168.328 % | £146,445 | £233,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £139,566 | £137,500 | 48 ALBERT ROAD |
| 28 Mar 2023 | £213,007 | £211,000 | 172 WYLDS LANE |
| 24 Feb 2023 | £264,822 | £265,000 | 24 ALBERT ROAD |
| 30 Sep 2022 | £123,999 | £125,000 | FLAT 2 47 STANLEY ROAD |
| 29 Jul 2022 | £190,513 | £190,000 | 147 WYLDS LANE |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 24 Aug 2016. Using an estimated price of £248,691 means this house is valued at £1,802 per sq meter (£167 per sq foot).
The average size of a house on MIDLAND ROAD is 134 sq meters (1,448 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).