£396,409
This estimated value is based upon the latest sale price for the house of £370,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £370,000 | 17 Dec 2021 |
| £295,000 | 7 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 157 sq meters or 1,689 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 December 2021 the House Price Index for WORCESTERSHIRE was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £370,000 results in an estimated price of approximately £396,409.
| 17 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £370,000 | £26,409 | £396,409 |
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 | -83.125 % | £-307,562 | £62,437 |
| 3 Month Average | -34.384 % | £-127,220 | £242,779 |
| 6 Month Average | -15.635 % | £-57,849 | £312,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £287,515 | £285,000 | 18 CHARTER PLACE |
| 23 Jun 2023 | £146,778 | £145,000 | 14 KING EDMUNDS SQUARE |
| 16 Jun 2023 | £156,901 | £155,000 | 16 KING EDMUNDS SQUARE |
| 22 Jul 2022 | £355,958 | £355,000 | 6 KING JOHNS SQUARE |
| 26 May 2022 | £346,529 | £340,000 | DERRETT HOUSE, 34 SEVERN TERRACE |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 19 Jul 2021. Using an estimated price of £396,410 means this house is valued at £2,524 per sq meter (£234 per sq foot).
The average size of a house on SEVERN TERRACE is 149 sq meters (1,611 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Severn Terrace |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Severn Terrace |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Severn Terrace |
| Dec 2023 | Anti-social behaviour | On or near Severn Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Severn Terrace |