£343,231
This estimated value is based upon the latest sale price for the house of £285,000 on 10 Jul 2020. This value is then adjusted by the current Official House Price Index for HEREFORD AND WORCESTER 1
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| Price Paid | Date |
|---|---|
| £285,000 | 10 Jul 2020 |
| £95,500 | 15 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 sq feet |
This model uses changes in the Official Land Registry House Price Index for HEREFORD AND WORCESTER to estimate the market value.
When this house was purchased in July 2020 the House Price Index for HEREFORD AND WORCESTER was 122.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 20.432%.Applying this 20.432% change to the original purchase price of £285,000 results in an estimated price of approximately £343,231.
| 10 Jul 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.0 | 20.432 % | £285,000 | £58,231 | £343,231 |
The Postcode Pricing Model uses changes in average sales price within the HR1 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 | -26.783 % | £-76,332 | £208,667 |
| 3 Month Average | 26.170 % | £74,585 | £359,585 |
| 6 Month Average | 12.617 % | £35,959 | £320,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £352,672 | £346,000 | 10 RUSSELL CLOSE |
| 17 Nov 2023 | £261,355 | £258,000 | 11 CAMPBELL ROAD |
| 25 Jul 2023 | £358,390 | £355,000 | 28 VENNS LANE |
| 24 Feb 2023 | £266,241 | £267,500 | 31 CAMPBELL ROAD |
| 23 Jan 2023 | £237,910 | £240,000 | 36 VENNS LANE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 1 Jul 2019. Using an estimated price of £343,231 means this house is valued at £3,064 per sq meter (£284 per sq foot).
The average size of a house on VENNS LANE is 138 sq meters (1,492 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Venn'S Lane |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near St Barnabas Close |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near St Barnabas Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Barnabas Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Russell Close |