£313,825
This estimated value is based upon the latest sale price for the house of £295,000 on 21 Sep 2021. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
There has been one burglary within the last year on or near Drakelow Lane
More crime details
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| Price Paid | Date |
|---|---|
| £295,000 | 21 Sep 2021 |
| £297,500 | 6 Apr 2004 |
| Detached |
| Freehold |
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 September 2021 the House Price Index for WORCESTERSHIRE was 137.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.381%.Applying this 6.381% change to the original purchase price of £295,000 results in an estimated price of approximately £313,825.
| 21 Sep 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 146.7 | 6.381 % | £295,000 | £18,825 | £313,825 |
The Postcode Pricing Model uses changes in average sales price within the DY11 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 | -14.668 % | £-43,269 | £251,730 |
| 3 Month Average | -1.440 % | £-4,248 | £290,751 |
| 6 Month Average | -1.977 % | £-5,830 | £289,169 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Drakelow Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hobro Lane |
| Feb 2024 | Drugs | Under investigation | On or near Hobro Lane |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hobro Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Kinverdale |