OAK VIEW, GRAFTON, HEREFORD, HR2 8BJ - £245,000

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

OAK VIEW is a large extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £245,000 in August 2014, which was around 15% below the average August 2014 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

OAK VIEW Sold Prices

Land registry data shows four sales for OAK VIEW 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 OAK VIEW 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
2014 5 AUG	£245,000	£287,208	15% below HPI
2004 8 APR	£182,000	£230,753	21% below HPI
1999 3 SEP	£85,000	£117,868	28% below HPI
1997 10 SEP	£70,000	£98,435	29% below HPI

OAK VIEW 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 OAK VIEW sales between September 1997 and August 2014 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 April 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2014 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is OAK VIEW?

OAK VIEW is 125m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where OAK VIEW lies on this distribution: 63% of detached houses are smaller than OAK VIEW, and 36% of houses are larger. Note that EPC data is not available for all properties in Hereford.

OAK VIEW: Plot and Title Map

OAK VIEW sits on a plot of roughly 0.230 of an acre, or 932m². The below map shows the location of OAK VIEW, 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 OAK VIEW). 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 OAK VIEW?

OAK VIEW is located in GRAFTON, in the HR2 postcode district. The below map shows the position of OAK VIEW in GRAFTON.