£271,559
This estimated value is based upon the latest sale price for the house of £95,000 on 21 Jun 2002. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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Price Paid | Date |
---|---|
£95,000 | 21 Jun 2002 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 June 2002 the House Price Index for WORCESTERSHIRE was 52.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 185.852%.Applying this 185.852% change to the original purchase price of £95,000 results in an estimated price of approximately £271,559.
21 Jun 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
52.0 | 148.6 | 185.852 % | £95,000 | £176,559 | £271,559 |
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 | 144.794 % | £137,554 | £232,554 |
3 Month Average | 209.485 % | £199,010 | £294,010 |
6 Month Average | 179.535 % | £170,558 | £265,558 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Mar 2024 | £310,000 | £310,000 | 43 MEADOWBANK DRIVE |
23 Feb 2023 | £377,246 | £377,500 | 9 LOW FOLD CLOSE |
3 Feb 2023 | £224,849 | £225,000 | 13 STAINBURN AVENUE |
27 Jan 2023 | £271,720 | £273,000 | 10 STAINBURN AVENUE |
14 Oct 2022 | £281,964 | £285,000 | 49 STAINBURN CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 12 Jan 2016. Using an estimated price of £271,559 means this house is valued at £2,888 per sq meter (£268 per sq foot).
The average size of a house on GROVE CRESCENT is 122 sq meters (1,322 sq feet).