£338,355
This estimated value is based upon the latest sale price for the house of £270,000 on 7 Mar 2018. This value is then adjusted by the current Official House Price Index for HEREFORD AND WORCESTER 1
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| Price Paid | Date |
|---|---|
| £270,000 | 7 Mar 2018 |
| £220,000 | 11 Nov 2015 |
| £70,000 | 5 Jan 1998 |
| Terraced |
| Freehold |
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 March 2018 the House Price Index for HEREFORD AND WORCESTER was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £270,000 results in an estimated price of approximately £338,355.
| 7 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £270,000 | £68,355 | £338,355 |
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 | 70.745 % | £191,010 | £461,010 |
| 3 Month Average | 30.170 % | £81,460 | £351,460 |
| 6 Month Average | 15.865 % | £42,835 | £312,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £259,541 | £255,000 | 4 COURT ORCHARD |
| 27 Jul 2023 | £270,136 | £266,500 | 5 NOVER WOOD DRIVE |
| 7 Jun 2023 | £318,862 | £315,000 | 60 CHURCH CROFT |
| 27 Apr 2023 | £386,158 | £382,000 | 26 NOVER WOOD DRIVE |
| 21 Apr 2023 | £348,755 | £345,000 | 1 NOVER WOOD DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near New Inn Close |
| Mar 2024 | Other crime | Under investigation | On or near Nover Wood Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Nover Wood Drive |
| Feb 2024 | Anti-social behaviour | On or near Nover Wood Drive | |
| Feb 2024 | Anti-social behaviour | On or near Nover Wood Drive |