£305,053
This estimated value is based upon the latest sale price for the house of £310,000 on 25 Nov 2022. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £310,000 | 25 Nov 2022 |
| £230,000 | 5 Mar 2020 |
| £179,950 | 2 Apr 2007 |
| £89,995 | 29 Feb 2000 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 November 2022 the House Price Index for WORCESTERSHIRE was 150.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.596%.Applying this -1.596% change to the original purchase price of £310,000 results in an estimated price of approximately £305,053.
| 25 Nov 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.0 | -1.596 % | £310,000 | £-4,946 | £305,053 |
The Postcode Pricing Model uses changes in average sales price within the B97 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 | -13.357 % | £-41,407 | £268,592 |
| 3 Month Average | -6.129 % | £-19,000 | £290,999 |
| 6 Month Average | 5.330 % | £16,522 | £326,522 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £206,676 | £205,000 | 11 HARVINGTON CLOSE |
| 24 Apr 2023 | £305,269 | £303,000 | 16 GISBURN CLOSE |
| 25 Nov 2022 | £305,053 | £310,000 | 2 GISBURN CLOSE |
| 31 Oct 2022 | £242,397 | £246,000 | 47 APPLETREE LANE |
| 26 Aug 2022 | £208,591 | £210,000 | 9 FARTHING LANE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 3 Oct 2019. Using an estimated price of £305,053 means this house is valued at £4,296 per sq meter (£399 per sq foot).
The average size of a house on GISBURN CLOSE is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lench Close |
| Mar 2024 | Anti-social behaviour | On or near Cofton Close | |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Cofton Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cofton Close |
| Mar 2024 | Anti-social behaviour | On or near Cofton Close |