£1,387,499
This estimated value is based upon the latest sale price for the house of £1,380,000 on 28 Mar 2023. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £1,380,000 | 28 Mar 2023 |
| 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 March 2023 the House Price Index for WORCESTERSHIRE was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £1,380,000 results in an estimated price of approximately £1,387,499.
| 28 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £1,380,000 | £7,499 | £1,387,499 |
The Postcode Pricing Model uses changes in average sales price within the WR14 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 | 53.542 % | £738,880 | £2,118,880 |
| 3 Month Average | -5.120 % | £-70,662 | £1,309,337 |
| 6 Month Average | -6.592 % | £-90,975 | £1,289,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2023 | £1,387,500 | £1,380,000 | UNIT 6 SPRING COURT SPRING LANE |
| 23 Mar 2023 | £2,995,057 | £2,978,868 | 214 WORCESTER ROAD |
| 15 Jul 2022 | £8,688,259 | £8,700,000 | B & Q PLC SPRING LANE |
| 7 Jun 2022 | £87,891 | £87,000 | FLAT 2 178 WORCESTER ROAD |
| 8 Feb 2022 | £1,101,905 | £1,055,000 | 25 VICTORIA PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spring Lane North |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Lane North |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Danes Close |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Supermarket |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |