£186,733
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Dec 2021. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £175,000 | 14 Dec 2021 |
| £155,000 | 26 Jul 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 2021 the House Price Index for WORCESTERSHIRE was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £175,000 results in an estimated price of approximately £186,733.
| 14 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £175,000 | £11,733 | £186,733 |
The Postcode Pricing Model uses changes in average sales price within the WR11 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 | -12.292 % | £-21,511 | £153,488 |
| 3 Month Average | 22.212 % | £38,871 | £213,871 |
| 6 Month Average | 8.486 % | £14,850 | £189,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £155,525 | £155,000 | FLAT 21 FAIRWATER GARDENS COOPERS LANE |
| 6 Jul 2023 | £281,664 | £279,000 | 29 WATSONS LANE |
| 12 Jun 2023 | £630,109 | £625,000 | SMALLCROFT COOPERS LANE |
| 17 Feb 2023 | £218,964 | £220,000 | 14 WATSONS LANE |
| 2 Feb 2023 | £154,270 | £155,000 | FLAT 4 FAIRWATER GARDENS COOPERS LANE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 12 Dec 2012. Using an estimated price of £186,734 means this house is valued at £2,746 per sq meter (£255 per sq foot).
The average size of a house on COOPERS LANE is 80 sq meters (862 sq feet).