2, OAK CLOSE, BROMYARD, HR7 4LJ - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 OAK CLOSE is a very small detached house of 69m², built sometime between 1996 and 2002, which could now be worth an estimated £320,091. It was last sold for £230,000 in May 2017, which was around 28% below the average May 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

2 OAK CLOSE Sold Prices

Land registry data shows three sales for 2 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the three 2 OAK 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
2017 2 MAY	£230,000	£318,273	28% below HPI
2003 16 DEC	£220,000	£223,177	1% below HPI
1997 29 OCT	£86,750	£99,233	13% below HPI

2 OAK 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 three 2 OAK CLOSE sales between October 1997 and May 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 December 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 OAK CLOSE be worth now?

2 OAK CLOSE might now be worth an estimated £320,091.

This is based on house price inflation of 39.2%, between May 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 39.2% inflationary increase is applied to the most recent sale price for 2 OAK CLOSE of £230,000 on 2nd May 2017. For the value to have increased from £230,000 to £320,091 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 2 OAK CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The May 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK CLOSE has not materially changed since May 2017.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 69m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses houses in Bromyard, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromyard, and where 2 OAK CLOSE lies on this distribution: 13% of detached houses houses are smaller than 2 OAK CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bromyard.

2 OAK CLOSE: Plot and Title Map

2 OAK CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 OAK 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 2 OAK 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 2 OAK CLOSE?

2 OAK CLOSE is located in BROMYARD, in the HR7 postcode district. The below map shows the position of No. 2 on OAK CLOSE.