£626,127
This estimated value is based upon the latest sale price for the house of £187,000 on 4 Jun 2001. This value is then adjusted by the current Official House Price Index for HEREFORD AND WORCESTER 1
There has been one burglary within the last year on or near Lower House Drive
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| Price Paid | Date |
|---|---|
| £187,000 | 4 Jun 2001 |
| £107,000 | 26 Mar 1997 |
| £112,000 | 22 Dec 1995 |
| Detached |
| 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 June 2001 the House Price Index for HEREFORD AND WORCESTER was 43.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 234.828%.Applying this 234.828% change to the original purchase price of £187,000 results in an estimated price of approximately £626,127.
| 4 Jun 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 146.7 | 234.828 % | £187,000 | £439,127 | £626,127 |
The Postcode Pricing Model uses changes in average sales price within the HR2 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 | 1501.695 % | £2,808,169 | £2,995,169 |
| 3 Month Average | 331.476 % | £619,860 | £806,860 |
| 6 Month Average | 317.796 % | £594,278 | £781,278 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Lower House Drive |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Church Croft |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Church Croft |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Rosemary Lane |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Bailey Close |