£242,981
This estimated value is based upon the latest sale price for the house of £195,000 on 2 Aug 2018. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
There has been one burglary within the last year on or near Mill Lane
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| Price Paid | Date |
|---|---|
| £195,000 | 2 Aug 2018 |
| £56,500 | 7 Feb 1997 |
| Semi-Detached |
| 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 August 2018 the House Price Index for WORCESTERSHIRE was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £195,000 results in an estimated price of approximately £242,981.
| 2 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £195,000 | £47,981 | £242,981 |
The Postcode Pricing Model uses changes in average sales price within the WR11 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 | 22.948 % | £44,748 | £239,748 |
| 3 Month Average | 13.133 % | £25,608 | £220,608 |
| 6 Month Average | 21.214 % | £41,368 | £236,368 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £650,000 | £650,000 | MILL HOUSE MILL LANE |
| 29 May 2024 | £314,000 | £314,000 | SHERWOOD COTTAGE VILLAGE STREET |
| 9 May 2024 | £478,000 | £478,000 | WELFORD HOUSE HORSEBRIDGE AVENUE |
| 27 Jan 2023 | £330,884 | £330,000 | 6 SLADDEN CLOSE |
| 24 Nov 2022 | £343,394 | £345,000 | 48 HORSEBRIDGE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Mill Lane | |
| Aug 2024 | Anti-social behaviour | On or near Mill Lane | |
| Aug 2024 | Anti-social behaviour | On or near Mill Lane | |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Mill Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Horsebridge Avenue |