12, PROSPECT WALK, HEREFORD, HR1 1NX - £172,000

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

12 PROSPECT WALK is a very small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £231,397. It was last sold for £172,000 in July 2017, which was around 47% below the average July 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

12 PROSPECT WALK Sold Prices

Land registry data shows two sales for 12 PROSPECT WALK 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 12 PROSPECT WALK 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
2017 28 JUL	£172,000	£325,140	47% below HPI
2003 28 MAR	£98,000	£199,932	51% below HPI

12 PROSPECT WALK 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 12 PROSPECT WALK sales from March 2003 and July 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 March 2003 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the July 2017 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 12 PROSPECT WALK be worth now?

12 PROSPECT WALK might now be worth an estimated £231,397.

This is based on house price inflation of 34.5%, between July 2017 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 34.5% inflationary increase is applied to the most recent sale price for 12 PROSPECT WALK of £172,000 on 28th July 2017. For the value to have increased from £172,000 to £231,397 over the six years and seven months to December 2024, the following assumptions must hold true:

• The value of 12 PROSPECT WALK has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The July 2017 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PROSPECT WALK has not materially changed since July 2017.

How Large is 12 PROSPECT WALK?

12 PROSPECT WALK is 84m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% 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 12 PROSPECT WALK lies on this distribution: 17% of detached houses houses are smaller than 12 PROSPECT WALK, and 82% of houses are larger. Note that EPC data is not available for all properties in Hereford.

12 PROSPECT WALK: Plot and Title Map

12 PROSPECT WALK sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 12 PROSPECT WALK, 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 12 PROSPECT WALK). 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 12 PROSPECT WALK?

12 PROSPECT WALK is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 12 on PROSPECT WALK.