4, RAINBOW HILL, WORCESTER, WR3 8LX - £145,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 RAINBOW HILL is a very small terraced house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £189,109. It was last sold for £145,000 in July 2020, which was around 18% below the average July 2020 terraced price in the Worcester local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was A.

4 RAINBOW HILL Sold Prices

Land registry data shows two sales for 4 RAINBOW HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Worcester local authority area for the corresponding sale date. Both of the two 4 RAINBOW HILL sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 10 JUL	£145,000	£176,977	18% below HPI
2013 15 MAR	£110,000	£137,356	20% below HPI

4 RAINBOW HILL Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Worcester local authority area over time, sourced from the HPI. The two 4 RAINBOW HILL sales from March 2013 and July 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 4 RAINBOW HILL be worth now?

4 RAINBOW HILL might now be worth an estimated £189,109.

This is based on house price inflation of 30.4%, between July 2020 and July 2025, for terraced houses, in the Worcester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 4 RAINBOW HILL of £145,000 on 10th July 2020. For the value to have increased from £145,000 to £189,109 over the five years to July 2025, the following assumptions must hold true:

• The value of 4 RAINBOW HILL has moved in line with the HPI for terraced houses in the Worcester local authority area.
• The July 2020 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RAINBOW HILL has not materially changed since July 2020.

How Large is 4 RAINBOW HILL?

4 RAINBOW HILL is 56m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of terraced houses houses in Worcester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Worcester, and where 4 RAINBOW HILL lies on this distribution: 1% of terraced houses houses are smaller than 4 RAINBOW HILL, and 98% of houses are larger. Note that EPC data is not available for all properties in Worcester.

4 RAINBOW HILL: Plot and Title Map

4 RAINBOW HILL sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 4 RAINBOW HILL, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 RAINBOW HILL). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 RAINBOW HILL?

4 RAINBOW HILL is located in WORCESTER, in the WR3 postcode district. The below map shows the position of No. 4 on RAINBOW HILL.