£242,161
This estimated value is based upon the latest sale price for the house of £68,000 on 15 Jan 2001. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £68,000 | 15 Jan 2001 |
| £54,000 | 12 Aug 1997 |
| £28,300 | 9 Apr 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 January 2001 the House Price Index for WORCESTERSHIRE was 41.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 256.120%.Applying this 256.120% change to the original purchase price of £68,000 results in an estimated price of approximately £242,161.
| 15 Jan 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 41.7 | 148.6 | 256.120 % | £68,000 | £174,161 | £242,161 |
The Postcode Pricing Model uses changes in average sales price within the WR14 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 | 155.959 % | £106,052 | £174,052 |
| 3 Month Average | 203.554 % | £138,416 | £206,416 |
| 6 Month Average | 216.298 % | £147,082 | £215,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £229,007 | £225,000 | 10 LOWER HOWSELL ROAD |
| 30 Mar 2023 | £176,664 | £175,000 | 19A VICTORIA PARK ROAD |
| 28 Mar 2023 | £3,735,190 | £3,700,000 | SUNNYLODGE SERVICE STATION, 285 WORCESTER ROAD |
| 28 Mar 2023 | £1,393,125 | £1,380,000 | UNIT 6 SPRING COURT SPRING LANE |
| 23 Mar 2023 | £3,007,200 | £2,978,868 | 214 WORCESTER ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 28 Sep 2021. Using an estimated price of £242,162 means this house is valued at £3,725 per sq meter (£346 per sq foot).
The average size of a house on SPRING LANE is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spring Lane North |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Lane North |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Lane North |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |