OAKLANDS, KNAPP LANE, LEDBURY, HR8 1AN - £360,000

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

OAKLANDS is a midsized detached house of 110m², built sometime between 1967 and 1975. It was last sold for £360,000 in August 2023, which was around 17% below the average August 2023 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

OAKLANDS Sold Prices

Land registry data shows two sales for OAKLANDS 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 OAKLANDS 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 18 AUG	£360,000	£431,665	17% below HPI
2003 28 MAR	£120,000	£197,189	39% below HPI

OAKLANDS 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 OAKLANDS sales from March 2003 and August 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 March 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is OAKLANDS?

OAKLANDS is 110m² according to the EPC inspection conducted in February 2023. This puts it in the largest 50% of detached houses in Ledbury, based on EPC data. The below chart shows the distribution of detached houses by size in Ledbury, and where OAKLANDS lies on this distribution: 50% of detached houses are smaller than OAKLANDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Ledbury.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

OAKLANDS is located on KNAPP LANE in LEDBURY, in the HR8 postcode district. The below map shows the position of OAKLANDS on KNAPP LANE.