11, HOME LANE, HEREFORD, HR2 7LT - £245,000

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

11 HOME LANE is a small extended detached house of 100m², built sometime between 1930 and 1949, which could now be worth an estimated £304,007. It was last sold for £245,000 in March 2020, which was around 31% below the average March 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

11 HOME LANE Sold Prices

Land registry data shows four sales for 11 HOME LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the four 11 HOME LANE 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
2020 30 MAR	£245,000	£352,519	31% below HPI
2014 21 FEB	£242,000	£275,641	12% below HPI
2008 11 JUL	£188,000	£280,548	33% below HPI
2005 31 OCT	£158,000	£260,707	39% below HPI

11 HOME LANE 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 four 11 HOME LANE sales between October 2005 and March 2020 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 February 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 11 HOME LANE be worth now?

11 HOME LANE might now be worth an estimated £304,007.

This is based on house price inflation of 24.1%, between March 2020 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 24.1% inflationary increase is applied to the most recent sale price for 11 HOME LANE of £245,000 on 30th March 2020. For the value to have increased from £245,000 to £304,007 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of 11 HOME LANE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The March 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 11 HOME LANE has not materially changed since March 2020.

How Large is 11 HOME LANE?

11 HOME LANE is 100m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% 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 11 HOME LANE lies on this distribution: 34% of detached houses houses are smaller than 11 HOME LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Hereford.

11 HOME LANE: Plot and Title Map

11 HOME LANE sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of 11 HOME LANE, 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 11 HOME LANE). 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 11 HOME LANE?

11 HOME LANE is located in HEREFORD, in the HR2 postcode district. The below map shows the position of No. 11 on HOME LANE.