4, LACEY WAY, HEREFORD, HR2 7PB - £250,000

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

4 LACEY WAY is a very small detached house of 78m². It was last sold for £250,000 in November 2022, which was around 43% below the average November 2022 detached price in the Herefordshire local authority area. The most recent EPC inspection was December 2016, where the current energy rating was B, and the potential energy rating was A.

4 LACEY WAY Sold Prices

Land registry data shows two sales for 4 LACEY WAY 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 4 LACEY WAY 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
2022 3 NOV	£250,000	£441,296	43% below HPI
2016 21 DEC	£176,995	£308,651	43% below HPI

4 LACEY WAY 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 4 LACEY WAY sales from December 2016 and November 2022 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 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2022 sale, which was also at 43% below the HPI.

How Large is 4 LACEY WAY?

4 LACEY WAY is 78m² according to the EPC inspection conducted in December 2016. 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 4 LACEY WAY lies on this distribution: 11% of detached houses are smaller than 4 LACEY WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Hereford.

4 LACEY WAY: Plot and Title Map

4 LACEY WAY sits on a plot of roughly 0.057 of an acre, or 233m². The below map shows the location of 4 LACEY WAY, 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 4 LACEY WAY). 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 4 LACEY WAY?

4 LACEY WAY is located in HEREFORD, in the HR2 postcode district. The below map shows the position of No. 4 on LACEY WAY.