3, THE LANE, HEREFORD, HR1 1TJ - £600,000

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

3 THE LANE is a very large extended semi-detached house of 179m², built sometime between 2003 and 2006. It was last sold for £600,000 in February 2021, which was around 64% above the average February 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

3 THE LANE Sold Prices

Land registry data shows three sales for 3 THE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. The three 3 THE LANE sales were a mix of above the average price, roughly equal to the average price, and 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
2021 3 FEB	£600,000	£365,002	64% above HPI
2007 31 JAN	£185,000	£276,428	33% below HPI
2004 27 JUL	£250,000	£249,186	Close to HPI

3 THE 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 three 3 THE LANE sales between July 2004 and February 2021 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 January 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2021 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 3 THE LANE?

3 THE LANE is 179m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 3 THE LANE lies on this distribution: 90% of detached houses are smaller than 3 THE LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Hereford.

3 THE LANE: Plot and Title Map

3 THE LANE sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of 3 THE 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 3 THE 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 3 THE LANE?

3 THE LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 3 on THE LANE.