£234,331
This estimated value is based upon the latest sale price for the house of £205,000 on 17 Dec 2020. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £205,000 | 17 Dec 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 December 2020 the House Price Index for WORCESTERSHIRE was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £205,000 results in an estimated price of approximately £234,331.
| 17 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £205,000 | £29,331 | £234,331 |
The Postcode Pricing Model uses changes in average sales price within the WR4 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 | -17.091 % | £-35,036 | £169,963 |
| 3 Month Average | -18.596 % | £-38,121 | £166,878 |
| 6 Month Average | -6.263 % | £-12,838 | £192,161 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £110,373 | £110,000 | 17 MICHAEL TIPPET DRIVE |
| 21 Jul 2023 | £282,674 | £280,000 | 64 RONKSWOOD HILL |
| 17 Feb 2023 | £207,021 | £208,000 | 2C RONKSWOOD HILL |
| 15 Sep 2022 | £282,563 | £286,000 | 54 MICHAEL TIPPET DRIVE |
| 12 Aug 2022 | £258,255 | £260,000 | 46 MICHAEL TIPPET DRIVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 10 Aug 2020. Using an estimated price of £234,331 means this house is valued at £2,662 per sq meter (£247 per sq foot).
The average size of a house on MERTON CLOSE is 119 sq meters (1,281 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merton Close |
| Feb 2024 | Anti-social behaviour | On or near Balliol Road | |
| Feb 2024 | Anti-social behaviour | On or near Balliol Road | |
| Feb 2024 | Anti-social behaviour | On or near Balliol Road | |
| Apr 2024 | Robbery | Under investigation | On or near Lygon Walk |