FAIRHOLME, ROMAN ROAD, THREE ELMS, HEREFORD, HR4 9QN - £400,000

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

FAIRHOLME is a very large extended detached house of 164m², built sometime between 1976 and 1982. It was last sold for £400,000 in June 2021, which was around 10% above the average June 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

FAIRHOLME Sold Prices

Land registry data shows four sales for FAIRHOLME since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Most of the four FAIRHOLME 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
2021 25 JUN	£400,000	£365,088	10% above HPI
2009 8 JAN	£250,000	£254,861	2% below HPI
2007 14 SEP	£230,000	£293,917	22% below HPI
2001 30 NOV	£140,000	£154,056	9% below HPI

FAIRHOLME 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 four FAIRHOLME sales between November 2001 and June 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 2009 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is FAIRHOLME?

FAIRHOLME is 164m², which includes two extensions, according to the EPC inspection conducted in December 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 FAIRHOLME lies on this distribution: 86% of detached houses are smaller than FAIRHOLME, and 13% of houses are larger. Note that EPC data is not available for all properties in Hereford.

FAIRHOLME: Plot and Title Map

FAIRHOLME sits on a plot of roughly 0.151 of an acre, or 613m². The below map shows the location of FAIRHOLME, 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 FAIRHOLME). 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 FAIRHOLME?

FAIRHOLME is located on ROMAN ROAD in THREE ELMS, in the HR4 postcode district. The below map shows the position of FAIRHOLME on ROMAN ROAD.