4, THE LANE, HEREFORD, HR1 1TJ - £344,000

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.

4 THE LANE is a small detached house of 102m², which could now be worth an estimated £439,921. It was last sold for £344,000 in December 2019, which was around 1% below the average December 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

4 THE LANE Sold Prices

Land registry data shows two sales for 4 THE 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 4 THE 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
2019 16 DEC	£344,000	£346,361	1% below HPI
2017 24 FEB	£280,000	£314,872	11% below HPI

4 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 two 4 THE LANE sales from February 2017 and December 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 February 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 4 THE LANE be worth now?

4 THE LANE might now be worth an estimated £439,921.

This is based on house price inflation of 27.9%, between December 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 27.9% inflationary increase is applied to the most recent sale price for 4 THE LANE of £344,000 on 16th December 2019. For the value to have increased from £344,000 to £439,921 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 THE LANE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The December 2019 sale price of £344,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE LANE has not materially changed since December 2019.

How Large is 4 THE LANE?

4 THE LANE is 102m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 40% of detached houses houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hereford, and where 4 THE LANE lies on this distribution: 36% of detached houses houses are smaller than 4 THE LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Hereford.

4 THE LANE: Plot and Title Map

4 THE LANE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 4 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 4 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 4 THE LANE?

4 THE LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 4 on THE LANE.