£400,281
This estimated value is based upon the latest sale price for the house of £225,000 on 9 Dec 2005. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 9 Dec 2005 |
| £96,500 | 27 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 167 sq meters or 1,797 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 2005 the House Price Index for WORCESTERSHIRE was 82.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 77.903%.Applying this 77.903% change to the original purchase price of £225,000 results in an estimated price of approximately £400,281.
| 9 Dec 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.5 | 146.7 | 77.903 % | £225,000 | £175,281 | £400,281 |
The Postcode Pricing Model uses changes in average sales price within the DY10 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 | 69.132 % | £155,546 | £380,546 |
| 3 Month Average | 53.449 % | £120,260 | £345,260 |
| 6 Month Average | 46.888 % | £105,497 | £330,497 |
This house has a floor area of 167 sq meters or 1,797 sq feet when measured on 25 Apr 2014.
The average size of a house on FARFIELD is 94 sq meters (1,019 sq feet).