£350,859
This estimated value is based upon the latest sale price for the house of £345,000 on 21 Mar 2023. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £345,000 | 21 Mar 2023 |
| £115,000 | 2 Aug 2000 |
| £96,000 | 15 Sep 1998 |
| 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 March 2023 the House Price Index for WORCESTERSHIRE was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £345,000 results in an estimated price of approximately £350,859.
| 21 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £345,000 | £5,859 | £350,859 |
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 | -9.604 % | £-33,133 | £311,866 |
| 3 Month Average | -4.790 % | £-16,525 | £328,474 |
| 6 Month Average | -7.705 % | £-26,582 | £318,417 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Aug 2024 | £330,000 | £330,000 | 12 RED EARL LANE |
| 28 Jun 2024 | £280,000 | £280,000 | 4 MALLOW CLOSE |
| 13 Dec 2023 | £518,946 | £503,000 | 24 HASTINGS ROAD |
| 5 Oct 2023 | £475,807 | £465,000 | 4 WYE AVENUE |
| 6 Sep 2023 | £434,580 | £425,000 | 4 WYKEWANE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 24 Jun 2015. Using an estimated price of £350,859 means this house is valued at £5,397 per sq meter (£501 per sq foot).
The average size of a house on SEVERN DRIVE is 113 sq meters (1,216 sq feet).
This house is the smallest in the street with a floor area of 65 sq meters (699 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Hastings Road |
| Jul 2024 | Other theft | Under investigation | On or near Windrush Crescent |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Charlock Road |