2, THE LAINES, GORSLEY, ROSS-ON-WYE, HR9 7FH - £480,000

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 THE LAINES is a very large extended detached house of 215m², built sometime between 1996 and 2002, which could now be worth an estimated £617,394. It was last sold for £480,000 in July 2019, which was around 39% above the average July 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

2 THE LAINES Sold Prices

Land registry data shows two sales for 2 THE LAINES 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 2 THE LAINES sales were for above 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 JUL	£480,000	£344,369	39% above HPI
2002 27 MAR	£247,450	£154,978	60% above HPI

2 THE LAINES 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 2 THE LAINES sales from March 2002 and July 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 March 2002 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the July 2019 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 THE LAINES be worth now?

2 THE LAINES might now be worth an estimated £617,394.

This is based on house price inflation of 28.6%, between July 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 28.6% inflationary increase is applied to the most recent sale price for 2 THE LAINES of £480,000 on 8th July 2019. For the value to have increased from £480,000 to £617,394 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 2 THE LAINES has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The July 2019 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LAINES has not materially changed since July 2019.

How Large is 2 THE LAINES?

2 THE LAINES is 215m², which includes four extensions, according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses houses in Gorsley Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gorsley Common, and where 2 THE LAINES lies on this distribution: 94% of detached houses houses are smaller than 2 THE LAINES, and 6% of houses are larger. Note that EPC data is not available for all properties in Gorsley Common.

2 THE LAINES: Plot and Title Map

2 THE LAINES sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 2 THE LAINES, 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 THE LAINES). 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 THE LAINES?

2 THE LAINES is located in GORSLEY, in the HR9 postcode district. The below map shows the position of No. 2 on THE LAINES.