£198,999
This estimated value is based upon the latest sale price for the house of £135,000 on 6 Mar 2015. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £135,000 | 6 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 March 2015 the House Price Index for WORCESTERSHIRE was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £135,000 results in an estimated price of approximately £198,999.
| 6 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £135,000 | £63,999 | £198,999 |
The Postcode Pricing Model uses changes in average sales price within the WR2 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 | 19.020 % | £25,676 | £160,676 |
| 3 Month Average | 75.200 % | £101,519 | £236,519 |
| 6 Month Average | 59.611 % | £80,474 | £215,474 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £99,269 | £98,000 | 93 GRENVILLE ROAD |
| 23 Aug 2023 | £186,633 | £185,000 | 61 DRAKE AVENUE |
| 11 Aug 2023 | £156,368 | £155,000 | 30 ESSEX CLOSE |
| 8 Aug 2023 | £284,993 | £282,500 | 102 BROADWAY GROVE |
| 28 Jul 2023 | £175,360 | £173,000 | 5 REA WAY |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 14 Oct 2014. Using an estimated price of £198,999 means this house is valued at £2,341 per sq meter (£217 per sq foot).
The average size of a house on REA WAY is 96 sq meters (1,039 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rea Way |
| Feb 2024 | Anti-social behaviour | On or near Harrington Road | |
| Feb 2024 | Anti-social behaviour | On or near Harrington Road | |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Harrington Road |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Harrington Road |