£392,795
This estimated value is based upon the latest sale price for the house of £70,000 on 7 May 1996. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £70,000 | 7 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 174 sq meters or 1,872 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 May 1996 the House Price Index for WORCESTERSHIRE was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 461.136%.Applying this 461.136% change to the original purchase price of £70,000 results in an estimated price of approximately £392,795.
| 7 May 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 461.136 % | £70,000 | £322,795 | £392,795 |
The Postcode Pricing Model uses changes in average sales price within the WR2 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 | 358.188 % | £250,731 | £320,731 |
| 3 Month Average | 491.175 % | £343,822 | £413,822 |
| 6 Month Average | 431.611 % | £302,127 | £372,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £290,037 | £287,500 | 38 HAPPY LAND NORTH |
| 23 Jun 2023 | £197,391 | £195,000 | 26 KNIGHT STREET |
| 3 Mar 2023 | £187,769 | £186,000 | 3 KNIGHT STREET |
| 24 Feb 2023 | £219,852 | £220,000 | 14 KNIGHT STREET |
| 19 Aug 2022 | £249,329 | £250,000 | 22 KNIGHT STREET |
This house has a floor area of 174 sq meters or 1,872 sq feet when measured on 14 Jan 2016. Using an estimated price of £392,795 means this house is valued at £2,257 per sq meter (£209 per sq foot).
The average size of a house on HAPPY LAND NORTH is 102 sq meters (1,100 sq feet).
This house is the largest in the street with a floor area of 174 sq meters (1,872 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lambert Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambert Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambert Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Knight Street |
| Mar 2024 | Burglary | Under investigation | On or near Knight Street |