£238,437
This estimated value is based upon the latest sale price for the house of £152,000 on 11 Apr 2014. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £152,000 | 11 Apr 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 April 2014 the House Price Index for WORCESTERSHIRE was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £152,000 results in an estimated price of approximately £238,437.
| 11 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 149.7 | 56.867 % | £152,000 | £86,437 | £238,437 |
The Postcode Pricing Model uses changes in average sales price within the WR3 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 | 32.669 % | £49,656 | £201,656 |
| 3 Month Average | 49.212 % | £74,801 | £226,801 |
| 6 Month Average | 48.127 % | £73,153 | £225,153 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £541,644 | £525,000 | 2 RAINBOW HILL TERRACE |
| 1 Dec 2023 | £237,291 | £230,000 | 37 RAINBOW HILL |
| 27 Nov 2023 | £513,023 | £500,000 | 65 RAINBOW HILL |
| 8 Sep 2023 | £112,480 | £110,000 | 33 ELGAR COURT RAINBOW HILL |
| 28 Apr 2023 | £214,003 | £210,000 | 26 WILSON STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 6 Oct 2014. Using an estimated price of £238,437 means this house is valued at £3,612 per sq meter (£335 per sq foot).
The average size of a house on RESERVOIR LANE is 108 sq meters (1,164 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Reservoir Lane |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Dutton Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lansdowne Walk |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lansdowne Walk |
| Oct 2024 | Theft from the person | Unable to prosecute suspect | On or near Kendall Street |