1, MILL CLOSE, CREDENHILL, HEREFORD, HR4 7EQ - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MILL CLOSE is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £328,474. It was last sold for £235,000 in December 2016, which was around 25% below the average December 2016 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

1 MILL CLOSE Sold Prices

Land registry data shows two sales for 1 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Both of the two 1 MILL CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 2 DEC	£235,000	£312,944	25% below HPI
2016 17 JUN	£190,000	£312,836	39% below HPI

1 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The two 1 MILL CLOSE sales from June 2016 and December 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MILL CLOSE be worth now?

1 MILL CLOSE might now be worth an estimated £328,474.

This is based on house price inflation of 39.8%, between December 2016 and December 2024, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.8% inflationary increase is applied to the most recent sale price for 1 MILL CLOSE of £235,000 on 2nd December 2016. For the value to have increased from £235,000 to £328,474 over the eight years to December 2024, the following assumptions must hold true:

• The value of 1 MILL CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The December 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL CLOSE has not materially changed since December 2016.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 82m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses houses in Credenhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Credenhill, and where 1 MILL CLOSE lies on this distribution: 9% of detached houses houses are smaller than 1 MILL CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Credenhill.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of 1 MILL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MILL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MILL CLOSE?

1 MILL CLOSE is located in CREDENHILL, in the HR4 postcode district. The below map shows the position of No. 1 on MILL CLOSE.