NEW RENTS, LUGWARDINE, HEREFORD, HR1 4AE - £595,000

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.

NEW RENTS is a very large extended detached house of 208m², built sometime before 1900, which could now be worth an estimated £589,023. It was last sold for £595,000 in November 2022, which was around 33% above the average November 2022 detached price in the Herefordshire local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was B.

NEW RENTS Sold Prices

Land registry data shows two sales for NEW RENTS 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 NEW RENTS 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
2022 23 NOV	£595,000	£447,435	33% above HPI
2008 17 MAR	£350,000	£281,239	24% above HPI

NEW RENTS 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 NEW RENTS sales from March 2008 and November 2022 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 March 2008 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2022 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might NEW RENTS be worth now?

NEW RENTS might now be worth an estimated £589,023.

This is based on house price deflation of 1%, between November 2022 and February 2025, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% deflationary decrease is applied to the most recent sale price for NEW RENTS of £595,000 on 23rd November 2022. For the value to have decreased from £595,000 to £589,023 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of NEW RENTS has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The November 2022 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of NEW RENTS has not materially changed since November 2022.

How Large is NEW RENTS?

NEW RENTS is 208m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses houses in Lugwardine, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lugwardine, and where NEW RENTS lies on this distribution: 92% of detached houses houses are smaller than NEW RENTS, and 8% of houses are larger. Note that EPC data is not available for all properties in Lugwardine.

NEW RENTS: Plot and Title Map

NEW RENTS sits on a plot of roughly 0.234 of an acre, or 945m². The below map shows the location of NEW RENTS, 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 NEW RENTS). 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 NEW RENTS?

NEW RENTS is located in LUGWARDINE, in the HR1 postcode district. The below map shows the position of NEW RENTS in LUGWARDINE.