3, HERITAGE DRIVE, CREDENHILL, HEREFORD, HR4 7ER - £227,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 HERITAGE DRIVE is a very small extended detached house of 85m², built sometime between 1996 and 2002. It was last sold for £227,500 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 October 2016, where the current energy rating was D, and the potential energy rating was B.

3 HERITAGE DRIVE Sold Prices

Land registry data shows four sales for 3 HERITAGE DRIVE 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 3 HERITAGE DRIVE 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 12 MAY	£227,500	£313,907	28% below HPI
2006 31 MAR	£185,000	£260,256	29% below HPI
2001 25 MAY	£105,000	£141,580	26% below HPI
1998 22 DEC	£82,500	£107,115	23% below HPI

3 HERITAGE DRIVE 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 3 HERITAGE DRIVE sales between December 1998 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 March 2006 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 HERITAGE DRIVE?

3 HERITAGE DRIVE is 85m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% of detached houses in Credenhill, based on EPC data. The below chart shows the distribution of detached houses by size in Credenhill, and where 3 HERITAGE DRIVE lies on this distribution: 19% of detached houses are smaller than 3 HERITAGE DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Credenhill.

3 HERITAGE DRIVE: Plot and Title Map

3 HERITAGE DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 3 HERITAGE DRIVE, 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 3 HERITAGE DRIVE). 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 3 HERITAGE DRIVE?

3 HERITAGE DRIVE is located in CREDENHILL, in the HR4 postcode district. The below map shows the position of No. 3 on HERITAGE DRIVE.