£282,545
This estimated value is based upon the latest sale price for the house of £160,000 on 11 Apr 2006. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £160,000 | 11 Apr 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 April 2006 the House Price Index for WORCESTERSHIRE was 84.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 76.591%.Applying this 76.591% change to the original purchase price of £160,000 results in an estimated price of approximately £282,545.
| 11 Apr 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 149.7 | 76.591 % | £160,000 | £122,545 | £282,545 |
The Postcode Pricing Model uses changes in average sales price within the WR1 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 | 26.834 % | £42,933 | £202,933 |
| 3 Month Average | 32.595 % | £52,151 | £212,151 |
| 6 Month Average | 42.555 % | £68,088 | £228,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £155,000 | £155,000 | FLAT 46 NEWPORT HOUSE NEWPORT STREET |
| 21 Nov 2023 | £71,823 | £70,000 | FLAT 5 8 BRIDGE STREET |
| 28 Sep 2023 | £143,156 | £140,000 | FLAT 20 NEWPORT HOUSE NEWPORT STREET |
| 27 May 2022 | £123,210 | £120,000 | FLAT 4 NEWPORT HOUSE NEWPORT STREET |
| 17 Dec 2021 | £138,151 | £128,000 | FLAT 4 29 BROAD STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 23 Jan 2019. Using an estimated price of £282,545 means this house is valued at £5,886 per sq meter (£546 per sq foot).
The average size of a house on MORETON PLACE is 44 sq meters (481 sq feet).