£194,785
This estimated value is based upon the latest sale price for the house of £114,000 on 1 Jun 2012. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £114,000 | 1 Jun 2012 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,306 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 2012 the House Price Index for WORCESTERSHIRE was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £114,000 results in an estimated price of approximately £194,785.
| 1 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £114,000 | £80,785 | £194,785 |
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 | 93.140 % | £106,180 | £220,180 |
| 3 Month Average | 60.215 % | £68,644 | £182,644 |
| 6 Month Average | 61.943 % | £70,614 | £184,614 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £100,209 | £98,000 | 93 GRENVILLE ROAD |
| 23 Aug 2023 | £188,398 | £185,000 | 61 DRAKE AVENUE |
| 11 Aug 2023 | £157,847 | £155,000 | 30 ESSEX CLOSE |
| 8 Aug 2023 | £287,689 | £282,500 | 102 BROADWAY GROVE |
| 28 Sep 2022 | £164,890 | £165,000 | 28 HARRINGTON ROAD |
This house has a floor area of 121 sq meters or 1,306 sq feet when measured on 2 Feb 2011. Using an estimated price of £194,786 means this house is valued at £1,604 per sq meter (£149 per sq foot).
The average size of a house on REA WAY is 96 sq meters (1,039 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,306 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Under investigation | On or near Rea Way |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Rea Way |
| Jul 2024 | Anti-social behaviour | On or near Rea Way | |
| Jul 2024 | Anti-social behaviour | On or near Rea Way | |
| Jul 2024 | Anti-social behaviour | On or near Rea Way |