£225,729
This estimated value is based upon the latest sale price for the house of £220,000 on 23 Nov 2023. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 23 Nov 2023 |
| £163,000 | 9 Jun 2014 |
| £120,000 | 3 Mar 2003 |
| £65,000 | 6 Dec 2000 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 2023 the House Price Index for WORCESTERSHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £220,000 results in an estimated price of approximately £225,729.
| 23 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £220,000 | £5,729 | £225,729 |
The Postcode Pricing Model uses changes in average sales price within the WR1 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 | 35.146 % | £77,320 | £297,320 |
| 3 Month Average | -8.101 % | £-17,823 | £202,176 |
| 6 Month Average | 2.708 % | £5,957 | £225,957 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2024 | £176,000 | £176,000 | 62 NORTHFIELD STREET |
| 12 Dec 2023 | £275,980 | £267,500 | 27 WOOD TERRACE |
| 23 Nov 2023 | £225,730 | £220,000 | 20 WOOD TERRACE |
| 4 Sep 2023 | £189,170 | £185,000 | 75 NORTHFIELD STREET |
| 4 Aug 2023 | £192,471 | £189,000 | 83 NORTHFIELD STREET |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 22 Jun 2009. Using an estimated price of £225,730 means this house is valued at £2,170 per sq meter (£201 per sq foot).
The average size of a house on WOOD TERRACE is 94 sq meters (1,020 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Wood Terrace |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Street |
| Oct 2024 | Other crime | Under investigation | On or near Chestnut Street |
| Sep 2024 | Burglary | Under investigation | On or near Chestnut Street |