23, HOME LANE, HEREFORD, HR2 7LT - £110,000

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

23 HOME LANE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £110,000 in May 2002, which was around 32% below the average May 2002 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

23 HOME LANE Sold Prices

Land registry data shows two sales for 23 HOME LANE 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 23 HOME LANE 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
2002 24 MAY	£110,000	£160,958	32% below HPI
1995 8 DEC	£55,750	£87,704	36% below HPI

23 HOME LANE 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 23 HOME LANE sales from December 1995 and May 2002 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 1995 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2002 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 23 HOME LANE?

23 HOME LANE is 85m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 23 HOME LANE lies on this distribution: 20% of detached houses are smaller than 23 HOME LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hereford.

23 HOME LANE: Plot and Title Map

23 HOME LANE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 23 HOME LANE, 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 23 HOME LANE). 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 23 HOME LANE?

23 HOME LANE is located in HEREFORD, in the HR2 postcode district. The below map shows the position of No. 23 on HOME LANE.