MANDALAY, GORSLEY, ROSS-ON-WYE, HR9 7SG - £565,000

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

MANDALAY is a small extended detached house of 124m², built sometime between 1976 and 1982. It was last sold for £565,000 in June 2024, which was around 30% above the average June 2024 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

MANDALAY Sold Prices

Land registry data shows three sales for MANDALAY 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 MANDALAY 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
2024 10 JUN	£565,000	£435,018	30% above HPI
2012 29 AUG	£320,000	£276,431	16% above HPI
1998 27 NOV	£140,000	£107,352	30% above HPI

MANDALAY 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 MANDALAY sales between November 1998 and June 2024 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 2012 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2024 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is MANDALAY?

MANDALAY is 124m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of detached houses in Gorsley Common, based on EPC data. The below chart shows the distribution of detached houses by size in Gorsley Common, and where MANDALAY lies on this distribution: 35% of detached houses are smaller than MANDALAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Gorsley Common.

MANDALAY: Plot and Title Map

MANDALAY sits on a plot of roughly 0.310 of an acre, or 1,256m². The below map shows the location of MANDALAY, 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 MANDALAY). 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 MANDALAY?

MANDALAY is located in GORSLEY, in the HR9 postcode district. The below map shows the position of MANDALAY in GORSLEY.