£206,839
This estimated value is based upon the latest sale price for the house of £167,500 on 19 Sep 2018. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £167,500 | 19 Sep 2018 |
| £161,000 | 17 Sep 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 September 2018 the House Price Index for HEREFORDSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £167,500 results in an estimated price of approximately £206,839.
| 19 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £167,500 | £39,339 | £206,839 |
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 | 74.398 % | £124,616 | £292,116 |
| 3 Month Average | 26.365 % | £44,160 | £211,660 |
| 6 Month Average | 19.735 % | £33,055 | £200,555 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £290,000 | £290,000 | 40 PILLEY ROAD |
| 8 Nov 2023 | £370,485 | £365,000 | 33 PILLEY ROAD |
| 26 Jul 2023 | £228,070 | £225,000 | 6 PROSPECT WALK |
| 28 Apr 2023 | £103,616 | £102,500 | 1 PROSPECT WALK |
| 20 May 2022 | £300,614 | £294,950 | 51 PILLEY ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 10 Jul 2019. Using an estimated price of £206,840 means this house is valued at £3,693 per sq meter (£343 per sq foot).
The average size of a house on FOLLY LANE is 121 sq meters (1,304 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Folly Lane |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Folly Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Carless Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Carless Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pigott Close |