£172,821
This estimated value is based upon the latest sale price for the house of £94,000 on 29 Jul 2005. This value is then adjusted by the current Official House Price Index for HEREFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £94,000 | 29 Jul 2005 |
| £59,950 | 20 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 sq feet |
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 July 2005 the House Price Index for HEREFORDSHIRE was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £94,000 results in an estimated price of approximately £172,821.
| 29 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £94,000 | £78,821 | £172,821 |
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 | 56.721 % | £53,317 | £147,317 |
| 3 Month Average | 80.565 % | £75,731 | £169,731 |
| 6 Month Average | 107.772 % | £101,306 | £195,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Feb 2023 | £189,872 | £190,000 | 9 FRANKS AVENUE |
| 30 Sep 2022 | £235,597 | £237,500 | 29 FRANKS AVENUE |
| 31 May 2022 | £150,842 | £148,000 | 22 MAYNE AVENUE |
| 28 Jan 2022 | £181,014 | £172,000 | 17 MAYNE AVENUE |
| 21 Dec 2021 | £155,350 | £145,000 | 51 MAYNE AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 27 May 2021. Using an estimated price of £172,822 means this house is valued at £2,133 per sq meter (£198 per sq foot).
The average size of a house on MAYNE AVENUE is 85 sq meters (917 sq feet).