FAIR ACRES, MARDEN, HEREFORD, HR1 3EN - £286,000

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

FAIR ACRES is a midsized extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £286,000 in June 2019, which was around 14% below the average June 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was A.

FAIR ACRES Sold Prices

Land registry data shows two sales for FAIR ACRES 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 FAIR ACRES 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 10 JUN	£286,000	£333,713	14% below HPI
2001 5 APR	£110,000	£138,917	21% below HPI

FAIR ACRES 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 FAIR ACRES sales from April 2001 and June 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 April 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is FAIR ACRES?

FAIR ACRES is 111m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% of detached houses in Marden, based on EPC data. The below chart shows the distribution of detached houses by size in Marden, and where FAIR ACRES lies on this distribution: 52% of detached houses are smaller than FAIR ACRES, and 48% of houses are larger. Note that EPC data is not available for all properties in Marden.

FAIR ACRES: Plot and Title Map

FAIR ACRES sits on a plot of roughly 0.404 of an acre, or 1,635m². The below map shows the location of FAIR ACRES, 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 FAIR ACRES). 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 FAIR ACRES?

FAIR ACRES is located in MARDEN, in the HR1 postcode district. The below map shows the position of FAIR ACRES in MARDEN.