£211,373
This estimated value is based upon the latest sale price for the house of £70,000 on 4 Mar 2002. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £70,000 | 4 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 525 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 2002 the House Price Index for WORCESTERSHIRE was 49.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 201.961%.Applying this 201.961% change to the original purchase price of £70,000 results in an estimated price of approximately £211,373.
| 4 Mar 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 148.6 | 201.961 % | £70,000 | £141,373 | £211,373 |
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 | -22.436 % | £-15,705 | £54,294 |
| 3 Month Average | 69.676 % | £48,773 | £118,773 |
| 6 Month Average | 108.767 % | £76,137 | £146,137 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £289,283 | £285,000 | 3 FOREGATE STREET |
| 22 Jun 2023 | £650,378 | £642,500 | FLAT 2 1 TRINITY STREET |
| 3 Nov 2022 | £292,457 | £296,000 | 63 BROAD STREET |
| 30 Jun 2022 | £1,328,778 | £1,310,000 | 2 - 4 TRINITY STREET |
| 29 Apr 2022 | £164,768 | £160,000 | 4 THE AVENUE |
This house has a floor area of 48 sq meters or 525 sq feet when measured on 12 Mar 2009. Using an estimated price of £211,373 means this house is valued at £4,331 per sq meter (£402 per sq foot).
The average size of a house on BROAD STREET is 49 sq meters (537 sq feet).