£163,980
This estimated value is based upon the latest sale price for the house of £157,000 on 8 Feb 2022. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £157,000 | 8 Feb 2022 |
| £135,000 | 9 Dec 2016 |
| £59,950 | 30 Jun 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 February 2022 the House Price Index for HEREFORDSHIRE was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £157,000 results in an estimated price of approximately £163,980.
| 8 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £157,000 | £6,980 | £163,980 |
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 | -40.545 % | £-63,656 | £93,343 |
| 3 Month Average | -23.028 % | £-36,153 | £120,846 |
| 6 Month Average | -11.049 % | £-17,346 | £139,653 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £188,567 | £185,000 | 32 MERRIVALE LANE |
| 7 Jul 2023 | £294,789 | £292,000 | 33 THE GRESLEYS |
| 26 Jun 2023 | £201,635 | £200,000 | UPDOWN MERRIVALE LANE |
| 27 Jan 2023 | £203,215 | £205,000 | 1 THE BUTTERY MERRIVALE LANE |
| 7 Sep 2022 | £454,473 | £460,000 | 10 MERRIVALE LANE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 26 Jul 2017. Using an estimated price of £163,980 means this house is valued at £2,522 per sq meter (£234 per sq foot).
The average size of a house on MERRIVALE LANE is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Penyard Lane |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Penyard Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Channing Mews |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Old Gloucester Road |