HILLSREST, PRESTEIGNE ROAD, KNIGHTON, LD7 1HY - £205,000

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.

HILLSREST is a very small detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £244,610. It was last sold for £205,000 in November 2018, which was around 19% below the average November 2018 detached price in the Powys local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

HILLSREST Sold Prices

Land registry data shows two sales for HILLSREST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two HILLSREST 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
2018 15 NOV	£205,000	£252,702	19% below HPI
1995 13 NOV	£59,500	£66,206	10% below HPI

HILLSREST Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two HILLSREST sales from November 1995 and November 2018 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 November 1995 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might HILLSREST be worth now?

HILLSREST might now be worth an estimated £244,610.

This is based on house price inflation of 19.3%, between November 2018 and June 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.3% inflationary increase is applied to the most recent sale price for HILLSREST of £205,000 on 15th November 2018. For the value to have increased from £205,000 to £244,610 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of HILLSREST has moved in line with the HPI for detached houses in the Powys local authority area.
• The November 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of HILLSREST has not materially changed since November 2018.

How Large is HILLSREST?

HILLSREST is 76m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knighton, and where HILLSREST lies on this distribution: 9% of detached houses houses are smaller than HILLSREST, and 89% of houses are larger. Note that EPC data is not available for all properties in Knighton.

HILLSREST: Plot and Title Map

HILLSREST sits on a plot of roughly 0.180 of an acre, or 730m². The below map shows the location of HILLSREST, 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 HILLSREST). 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 HILLSREST?

HILLSREST is located on PRESTEIGNE ROAD in KNIGHTON, in the LD7 postcode district. The below map shows the position of HILLSREST on PRESTEIGNE ROAD.