£538,509
This estimated value is based upon the latest sale price for the house of £465,000 on 22 Oct 2020. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
There has been one burglary within the last year on or near Prospect Lane
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| Price Paid | Date |
|---|---|
| £465,000 | 22 Oct 2020 |
| £410,000 | 5 Apr 2016 |
| £460,000 | 31 Jul 2014 |
| £395,000 | 8 Aug 2008 |
| £356,000 | 21 Oct 2005 |
| Detached |
| Freehold |
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 October 2020 the House Price Index for HEREFORDSHIRE was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £465,000 results in an estimated price of approximately £538,509.
| 22 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £465,000 | £73,509 | £538,509 |
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 | -40.149 % | £-186,691 | £278,308 |
| 3 Month Average | -12.506 % | £-58,151 | £406,848 |
| 6 Month Average | 7.564 % | £35,171 | £500,171 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Prospect Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Prospect Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Prospect Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Prospect Lane |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Prospect Lane |