£651,508
This estimated value is based upon the latest sale price for the house of £532,500 on 11 Feb 2020. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £532,500 | 11 Feb 2020 |
| £230,000 | 7 Sep 2001 |
| £139,950 | 8 May 1997 |
| Terraced |
| Freehold |
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 February 2020 the House Price Index for WORCESTERSHIRE was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £532,500 results in an estimated price of approximately £651,508.
| 11 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £532,500 | £119,008 | £651,508 |
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 | 26.438 % | £140,781 | £673,281 |
| 3 Month Average | 23.590 % | £125,616 | £658,116 |
| 6 Month Average | 13.146 % | £70,001 | £602,501 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £234,096 | £230,000 | 37 RAINBOW HILL |
| 27 Nov 2023 | £507,514 | £500,000 | 65 RAINBOW HILL |
| 8 Sep 2023 | £111,425 | £110,000 | 33 ELGAR COURT RAINBOW HILL |
| 31 Jul 2023 | £375,048 | £370,000 | 51 RAINBOW HILL |
| 28 Apr 2023 | £212,286 | £210,000 | 26 WILSON STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Rainbow Hill |