£141,715
This estimated value is based upon the latest sale price for the house of £115,000 on 24 Oct 2018. This value is then adjusted by the current Official House Price Index for WORCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 24 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 54 sq meters or 581 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 October 2018 the House Price Index for WORCESTERSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £115,000 results in an estimated price of approximately £141,715.
| 24 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £115,000 | £26,715 | £141,715 |
The Postcode Pricing Model uses changes in average sales price within the DY10 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 | 16.406 % | £18,867 | £133,867 |
| 3 Month Average | 11.302 % | £12,997 | £127,997 |
| 6 Month Average | 14.690 % | £16,893 | £131,893 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £195,000 | £195,000 | 39 FARFIELD |
| 15 Dec 2023 | £254,452 | £250,000 | 2 GORDON PLACE |
| 17 Nov 2023 | £182,705 | £180,000 | FLAT 18 FAIRWAYS COURT OLDNALL ROAD |
| 14 Sep 2023 | £433,037 | £427,500 | 493 CHESTER ROAD SOUTH |
| 13 Jun 2023 | £554,719 | £548,000 | 502 CHESTER ROAD SOUTH |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 13 Jul 2018. Using an estimated price of £141,716 means this house is valued at £2,624 per sq meter (£243 per sq foot).
The average size of a house on FARFIELD is 94 sq meters (1,019 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (581 sq feet).