£568,945
This estimated value is based upon the latest sale price for the house of £485,000 on 15 Oct 2020. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
There has been one burglary within the last year on or near Junction Road
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| Price Paid | Date |
|---|---|
| £485,000 | 15 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 2020 the House Price Index for WORCESTERSHIRE was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £485,000 results in an estimated price of approximately £568,945.
| 15 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £485,000 | £83,945 | £568,945 |
The Postcode Pricing Model uses changes in average sales price within the B61 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 | 15.153 % | £73,492 | £558,492 |
| 3 Month Average | 0.925 % | £4,487 | £489,487 |
| 6 Month Average | 7.253 % | £35,177 | £520,177 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Feb 2023 | £127,914 | £128,000 | 30A MELBOURNE ROAD |
| 28 Oct 2022 | £262,177 | £265,000 | 32 PARKWOOD ROAD |
| 17 Dec 2021 | £194,991 | £182,000 | 131 CRABTREE LANE |
| 3 Dec 2021 | £257,131 | £240,000 | 108 CRABTREE LANE |
| 19 Nov 2021 | £237,933 | £220,000 | 17 MELBOURNE AVENUE |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 1 Jul 2020. Using an estimated price of £568,945 means this house is valued at £3,578 per sq meter (£332 per sq foot).
The average size of a house on CRABTREE LANE is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Junction Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Melbourne Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parkwood Road |