1, THE PARK, HEREFORD, HR1 1TF - £530,000

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 THE PARK is a very large detached house of 283m², built sometime between 1976 and 1982, which could now be worth an estimated £703,954. It was last sold for £530,000 in October 2017, which was around 59% above the average October 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

1 THE PARK Sold Prices

Land registry data shows two sales for 1 THE PARK 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 THE PARK sales were for above 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
2017 16 OCT	£530,000	£333,485	59% above HPI
2013 8 JUL	£410,000	£274,898	49% above HPI

1 THE PARK 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 THE PARK sales from July 2013 and October 2017 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 July 2013 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2017 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 1 THE PARK be worth now?

1 THE PARK might now be worth an estimated £703,954.

This is based on house price inflation of 32.8%, between October 2017 and February 2025, 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 32.8% inflationary increase is applied to the most recent sale price for 1 THE PARK of £530,000 on 16th October 2017. For the value to have increased from £530,000 to £703,954 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 THE PARK has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The October 2017 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE PARK has not materially changed since October 2017.

How Large is 1 THE PARK?

1 THE PARK is 283m² according to the EPC inspection conducted in October 2014. This puts it in the largest 10% of detached houses houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hereford, and where 1 THE PARK lies on this distribution: 99% of detached houses houses are smaller than 1 THE PARK, and 1% of houses are larger. Note that EPC data is not available for all properties in Hereford.

1 THE PARK: Plot and Title Map

1 THE PARK sits on a plot of roughly 0.248 of an acre, or 1,005m². The below map shows the location of 1 THE PARK, 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 THE PARK). 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 THE PARK?

1 THE PARK is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 1 on THE PARK.