£366,190
This estimated value is based upon the latest sale price for the house of £215,000 on 8 Sep 2006. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £215,000 | 8 Sep 2006 |
| £122,500 | 27 Sep 2001 |
| £89,950 | 12 Aug 1999 |
| £70,500 | 8 Mar 1996 |
| Terraced |
| 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 September 2006 the House Price Index for WORCESTERSHIRE was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.321%.Applying this 70.321% change to the original purchase price of £215,000 results in an estimated price of approximately £366,190.
| 8 Sep 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.321 % | £215,000 | £151,190 | £366,190 |
The Postcode Pricing Model uses changes in average sales price within the B48 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 | 19.625 % | £42,194 | £257,194 |
| 3 Month Average | 44.952 % | £96,645 | £311,645 |
| 6 Month Average | 101.586 % | £218,410 | £433,410 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £330,788 | £325,000 | 10 REDDITCH ROAD |
| 31 Jul 2023 | £582,844 | £575,000 | THE LEYS REST HOME OLD BIRMINGHAM ROAD |
| 20 Jul 2023 | £307,134 | £303,000 | OAKLEA REDDITCH ROAD |
| 1 Jun 2023 | £455,518 | £450,000 | 2 REDDITCH ROAD |
| 25 Apr 2023 | £379,082 | £375,000 | THE CROFT ASH LANE |