56, SOUTHBANK ROAD, HEREFORD, HR1 2TL - £455,000

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

56 SOUTHBANK ROAD is a very large detached house of 169m², built sometime between 1930 and 1949. It was last sold for £455,000 in September 2020, which was around 28% above the average September 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

56 SOUTHBANK ROAD Sold Prices

Land registry data shows three sales for 56 SOUTHBANK ROAD 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. All of the three 56 SOUTHBANK ROAD sales were for above 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
2020 24 SEP	£455,000	£356,744	28% above HPI
2014 17 JUL	£395,000	£283,920	39% above HPI
1997 14 FEB	£110,000	£89,667	23% above HPI

56 SOUTHBANK ROAD 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 56 SOUTHBANK ROAD sales between February 1997 and September 2020 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 July 2014 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2020 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 56 SOUTHBANK ROAD?

56 SOUTHBANK ROAD is 169m² according to the EPC inspection conducted in November 2013. This puts it in the largest 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 56 SOUTHBANK ROAD lies on this distribution: 88% of detached houses are smaller than 56 SOUTHBANK ROAD, and 12% of houses are larger. Note that EPC data is not available for all properties in Hereford.

56 SOUTHBANK ROAD: Plot and Title Map

56 SOUTHBANK ROAD sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of 56 SOUTHBANK ROAD, 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 56 SOUTHBANK ROAD). 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 56 SOUTHBANK ROAD?

56 SOUTHBANK ROAD is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 56 on SOUTHBANK ROAD.