2, POUND CLOSE, TARRINGTON, HEREFORD, HR1 4AZ - £263,000

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 POUND CLOSE is a very small extended detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £333,507. It was last sold for £263,000 in November 2019, which was around 25% below the average November 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

2 POUND CLOSE Sold Prices

Land registry data shows four sales for 2 POUND CLOSE 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 2 POUND 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
2019 8 NOV	£263,000	£349,298	25% below HPI
2011 14 FEB	£235,000	£269,642	13% below HPI
2005 24 JUN	£218,500	£249,707	12% below HPI
2002 8 MAR	£141,000	£154,978	9% below HPI

2 POUND 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 four 2 POUND CLOSE sales between March 2002 and November 2019 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 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 POUND CLOSE be worth now?

2 POUND CLOSE might now be worth an estimated £333,507.

This is based on house price inflation of 26.8%, between November 2019 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 26.8% inflationary increase is applied to the most recent sale price for 2 POUND CLOSE of £263,000 on 8th November 2019. For the value to have increased from £263,000 to £333,507 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 POUND CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The November 2019 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 2 POUND CLOSE has not materially changed since November 2019.

How Large is 2 POUND CLOSE?

2 POUND CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses houses in Tarrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tarrington, and where 2 POUND CLOSE lies on this distribution: 14% of detached houses houses are smaller than 2 POUND CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Tarrington.

2 POUND CLOSE: Plot and Title Map

2 POUND CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 2 POUND 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 POUND 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 POUND CLOSE?

2 POUND CLOSE is located in TARRINGTON, in the HR1 postcode district. The below map shows the position of No. 2 on POUND CLOSE.