£422,957
This estimated value is based upon the latest sale price for the house of £75,000 on 7 Jun 1996. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £75,000 | 7 Jun 1996 |
| Detached |
| Freehold |
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 1996 the House Price Index for WORCESTERSHIRE was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 463.944%.Applying this 463.944% change to the original purchase price of £75,000 results in an estimated price of approximately £422,957.
| 7 Jun 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 149.7 | 463.944 % | £75,000 | £347,957 | £422,957 |
The Postcode Pricing Model uses changes in average sales price within the WR7 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 | 696.015 % | £522,011 | £597,011 |
| 3 Month Average | 503.511 % | £377,633 | £452,633 |
| 6 Month Average | 397.503 % | £298,127 | £373,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £450,000 | £450,000 | PLOT 4 MALVERN VIEW STONEPIT LANE |
| 22 Apr 2024 | £390,895 | £387,500 | 5 HILL FARM |
| 14 Mar 2024 | £253,901 | £250,000 | PORCHESTER HOUSE STONEPIT LANE |
| 29 Nov 2023 | £581,768 | £567,000 | FOUR WINDS STONEPIT LANE |
| 6 Oct 2023 | £634,409 | £620,000 | MEADOWS STONEPIT LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hill Farm |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stonepit Lane |