£197,837
This estimated value is based upon the latest sale price for the house of £37,580 on 14 Feb 1997. This value is then adjusted by the current Official House Price Index for HEREFORD AND WORCESTER 1
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| Price Paid | Date |
|---|---|
| £37,580 | 14 Feb 1997 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 February 1997 the House Price Index for HEREFORD AND WORCESTER was 28.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 426.445%.Applying this 426.445% change to the original purchase price of £37,580 results in an estimated price of approximately £197,837.
| 14 Feb 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 148.6 | 426.445 % | £37,580 | £160,257 | £197,837 |
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 | 294.941 % | £110,838 | £148,418 |
| 3 Month Average | 440.324 % | £165,473 | £203,053 |
| 6 Month Average | 518.689 % | £194,923 | £232,503 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £202,729 | £200,000 | 61 WALNUT TREE AVENUE |
| 21 Jul 2023 | £221,481 | £218,500 | 40 WALNUT TREE AVENUE |
| 30 Mar 2023 | £181,712 | £180,000 | 103 SPRINGFIELD AVENUE |
| 8 Feb 2023 | £481,898 | £482,222 | 102 - 104 BELMONT ROAD |
| 6 May 2022 | £214,033 | £210,000 | 59 WALNUT TREE AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 25 Mar 2014. Using an estimated price of £197,838 means this house is valued at £2,248 per sq meter (£208 per sq foot).
The average size of a house on SPRINGFIELD AVENUE is 75 sq meters (811 sq feet).