£376,016
This estimated value is based upon the latest sale price for the house of £280,000 on 6 May 2016. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £280,000 | 6 May 2016 |
| £225,000 | 30 Sep 2005 |
| £158,500 | 12 Jul 2002 |
| £79,000 | 11 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 May 2016 the House Price Index for WORCESTERSHIRE was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £280,000 results in an estimated price of approximately £376,016.
| 6 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £280,000 | £96,016 | £376,016 |
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 | 40.307 % | £112,859 | £392,859 |
| 3 Month Average | 47.280 % | £132,384 | £412,384 |
| 6 Month Average | 43.894 % | £122,903 | £402,903 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,295 | £185,000 | 15 STROMA AVENUE |
| 28 Nov 2023 | £268,982 | £265,000 | 23 STROMA AVENUE |
| 25 Nov 2022 | £291,469 | £295,000 | 9 STROMA AVENUE |
| 1 Nov 2021 | £302,824 | £280,000 | 10 BALA WAY |
| 4 Dec 2020 | £263,974 | £230,000 | 6 LUNDY ROW |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 20 Jan 2016. Using an estimated price of £376,016 means this house is valued at £3,876 per sq meter (£360 per sq foot).
The average size of a house on FARNE AVENUE is 109 sq meters (1,183 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dragonfly Green |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Arran Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Arran Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fox Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tay Avenue |