£101,991
This estimated value is based upon the latest sale price for the house of £80,000 on 28 Jul 2017. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £80,000 | 28 Jul 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 July 2017 the House Price Index for WORCESTERSHIRE was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £80,000 results in an estimated price of approximately £101,991.
| 28 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £80,000 | £21,991 | £101,991 |
The Postcode Pricing Model uses changes in average sales price within the WR3 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 | 33.510 % | £26,808 | £106,808 |
| 3 Month Average | 35.749 % | £28,599 | £108,599 |
| 6 Month Average | 31.383 % | £25,106 | £105,106 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £234,096 | £230,000 | 37 RAINBOW HILL |
| 27 Nov 2023 | £507,514 | £500,000 | 65 RAINBOW HILL |
| 8 Sep 2023 | £111,425 | £110,000 | 33 ELGAR COURT RAINBOW HILL |
| 31 Jul 2023 | £375,048 | £370,000 | 51 RAINBOW HILL |
| 28 Apr 2023 | £212,286 | £210,000 | 26 WILSON STREET |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 26 May 2016. Using an estimated price of £101,991 means this house is valued at £1,924 per sq meter (£178 per sq foot).
The average size of a house on RAINBOW HILL is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elgar Court |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane | |
| Dec 2023 | Anti-social behaviour | On or near Reservoir Lane |