OAKLANDS, ROMAN ROAD, THREE ELMS, HEREFORD, HR4 9QN - £198,000

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 very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £198,000 in March 2021, which was around 45% below the average March 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2020, 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
2021 31 MAR	£198,000	£362,179	45% below HPI
2006 15 SEP	£175,000	£271,577	36% 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 September 2006 and March 2021 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 September 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2021 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is OAKLANDS?

OAKLANDS is 62m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where OAKLANDS lies on this distribution: 3% of detached houses are smaller than OAKLANDS, and 97% of houses are larger. Note that EPC data is not available for all properties in Hereford.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.076 of an acre, or 308m². 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 ROMAN ROAD in THREE ELMS, in the HR4 postcode district. The below map shows the position of OAKLANDS on ROMAN ROAD.