£231,529
This estimated value is based upon the latest sale price for the house of £175,000 on 16 Sep 2016. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £175,000 | 16 Sep 2016 |
| Terraced |
| Freehold |
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 September 2016 the House Price Index for HEREFORDSHIRE was 111.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.303%.Applying this 32.303% change to the original purchase price of £175,000 results in an estimated price of approximately £231,529.
| 16 Sep 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.0 | 32.303 % | £175,000 | £56,529 | £231,529 |
The Postcode Pricing Model uses changes in average sales price within the HR4 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 | 34.791 % | £60,883 | £235,883 |
| 3 Month Average | 27.722 % | £48,513 | £223,513 |
| 6 Month Average | 21.868 % | £38,269 | £213,269 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £264,895 | £264,000 | FLAT 17 RED LION COURT VICTORIA STREET |
| 8 Dec 2023 | £104,477 | £102,500 | FLAT 16 RED LION COURT VICTORIA STREET |
| 3 Nov 2023 | £192,471 | £190,000 | 15 KING STREET |
| 31 Mar 2023 | £351,902 | £350,000 | 48 - 49 BROAD STREET |
| 11 Jan 2023 | £99,129 | £100,000 | 52 EIGN GATE |