£343,494
This estimated value is based upon the latest sale price for the house of £280,000 on 5 Dec 2019. This value is then adjusted by the current Official House Price Index for HEREFORD AND WORCESTER 1
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| Price Paid | Date |
|---|---|
| £280,000 | 5 Dec 2019 |
| £85,720 | 28 Jul 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 December 2019 the House Price Index for HEREFORD AND WORCESTER was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £280,000 results in an estimated price of approximately £343,494.
| 5 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £280,000 | £63,494 | £343,494 |
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 | 39.085 % | £109,437 | £389,437 |
| 3 Month Average | 14.301 % | £40,041 | £320,041 |
| 6 Month Average | 4.221 % | £11,819 | £291,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £378,310 | £375,000 | 5 MORELAND AVENUE |
| 18 Aug 2023 | £448,927 | £445,000 | 7 ELM ROAD |
| 27 Jan 2023 | £502,632 | £505,000 | 26 AYLESTONE HILL |
| 6 Jan 2023 | £420,519 | £422,500 | 17 BELGRAVIA GARDENS |
| 4 Nov 2022 | £454,495 | £460,000 | 23 BODENHAM ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 2 Sep 2019. Using an estimated price of £343,494 means this house is valued at £3,302 per sq meter (£306 per sq foot).
The average size of a house on ELM ROAD is 175 sq meters (1,884 sq feet).
This house is the smallest in the street with a floor area of 104 sq meters (1,119 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Elm Road |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Elm Road |
| Jan 2024 | Drugs | Local resolution | On or near Elm Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Aylestone Drive |
| Dec 2023 | Burglary | Under investigation | On or near Southbank Road |