GREEN ACRES, BEARWOOD LANE, PEMBRIDGE, LEOMINSTER, HR6 9EA - £255,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREEN ACRES is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £255,000 in April 2023, which was around 40% below the average April 2023 detached price in the Herefordshire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

GREEN ACRES Sold Prices

Land registry data shows four sales for GREEN ACRES 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. All of the four GREEN 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
2023 3 APR	£255,000	£423,676	40% below HPI
2007 10 AUG	£125,000	£285,090	56% below HPI
2001 3 AUG	£35,000	£145,598	76% below HPI
1995 15 MAY	£50,000	£87,412	43% below HPI

GREEN 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 four GREEN ACRES sales between May 1995 and April 2023 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 August 2007 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the April 2023 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is GREEN ACRES?

GREEN ACRES is 73m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses in Pembridge, based on EPC data. The below chart shows the distribution of detached houses by size in Pembridge, and where GREEN ACRES lies on this distribution: 6% of detached houses are smaller than GREEN ACRES, and 94% of houses are larger. Note that EPC data is not available for all properties in Pembridge.

GREEN ACRES: Plot and Title Map

GREEN ACRES sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of GREEN 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 GREEN 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 GREEN ACRES?

GREEN ACRES is located on BEARWOOD LANE in PEMBRIDGE, in the HR6 postcode district. The below map shows the position of GREEN ACRES on BEARWOOD LANE.