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

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

2 POUND CLOSE is a very small extended detached house of 101m², built sometime between 1996 and 2002. It was last sold for £263,000 in November 2019, which was around 24% 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	£344,506	24% below HPI
2011 14 FEB	£235,000	£265,943	12% below HPI
2005 24 JUN	£218,500	£246,281	11% below HPI
2002 8 MAR	£141,000	£152,852	8% 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 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

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 in Tarrington, based on EPC data. The below chart shows the distribution of detached houses by size in Tarrington, and where 2 POUND CLOSE lies on this distribution: 14% of detached 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.