£204,546
This estimated value is based upon the latest sale price for the house of £119,000 on 27 Jan 2012. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
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Price Paid | Date |
---|---|
£119,000 | 27 Jan 2012 |
Semi-Detached |
Freehold |
Floor Area: 86 sq meters or 925 sq feet |
This model uses changes in the Official Land Registry House Price Index for HEREFORDSHIRE to estimate the market value.
When this house was purchased in January 2012 the House Price Index for HEREFORDSHIRE was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £119,000 results in an estimated price of approximately £204,546.
27 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.5 | 148.6 | 71.888 % | £119,000 | £85,546 | £204,546 |
The Postcode Pricing Model uses changes in average sales price within the HR9 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 | 8.623 % | £10,261 | £129,261 |
3 Month Average | 31.696 % | £37,718 | £156,718 |
6 Month Average | 35.725 % | £42,513 | £161,513 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £665,825 | £660,000 | CHASE VIEW HOUSE MERRIVALE ROAD |
31 Jan 2023 | £360,800 | £362,500 | 4 MERRIVALE CRESCENT |
27 Jan 2023 | £204,039 | £205,000 | 1 THE BUTTERY MERRIVALE LANE |
17 May 2022 | £484,122 | £475,000 | COACH HOUSE THE AVENUE |
11 Mar 2022 | £544,038 | £525,000 | GARTH, 30 EASTFIELD ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 31 Jan 2020. Using an estimated price of £204,547 means this house is valued at £2,378 per sq meter (£220 per sq foot).
The average size of a house on MERRIVALE ROAD is 137 sq meters (1,481 sq feet).