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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 HOME LANE is a small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £245,000 in March 2020, which was around 30% 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	£347,683	30% below HPI
2014 21 FEB	£242,000	£271,860	11% below HPI
2008 11 JUL	£188,000	£276,699	32% below HPI
2005 31 OCT	£158,000	£257,131	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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 11 HOME LANE lies on this distribution: 34% of detached 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.