£296,009
This estimated value is based upon the latest sale price for the house of £240,000 on 16 Jul 2019. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £240,000 | 16 Jul 2019 |
| £220,000 | 26 Jan 2018 |
| £76,950 | 1 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 July 2019 the House Price Index for WORCESTERSHIRE was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £240,000 results in an estimated price of approximately £296,009.
| 16 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £240,000 | £56,009 | £296,009 |
The Postcode Pricing Model uses changes in average sales price within the WR9 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 | -7.400 % | £-17,759 | £222,240 |
| 3 Month Average | 10.225 % | £24,540 | £264,540 |
| 6 Month Average | 30.418 % | £73,002 | £313,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £267,175 | £262,500 | 44 CALDER CLOSE |
| 27 Sep 2023 | £327,183 | £323,000 | 20 MONNOW CLOSE |
| 8 Sep 2023 | £336,806 | £332,500 | 18 LAHN DRIVE |
| 24 Feb 2023 | £291,804 | £292,000 | 227 WORCESTER ROAD |
| 12 Oct 2022 | £286,911 | £290,000 | 2 MONNOW CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 29 Aug 2017. Using an estimated price of £296,010 means this house is valued at £3,746 per sq meter (£348 per sq foot).
The average size of a house on LAHN DRIVE is 97 sq meters (1,049 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lahn Drive |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wye Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wye Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Calder Close |
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Calder Close |