SOUTHBANK, WELLINGTON, HEREFORD, HR4 8AT - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SOUTHBANK is a small detached house of 140m², built sometime between 1991 and 1995. It was last sold for £275,000 in June 2003, which was around 35% above the average June 2003 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was C.

SOUTHBANK Sold Prices

Land registry data shows two sales for SOUTHBANK 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 SOUTHBANK 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
2003 26 JUN	£275,000	£204,158	35% above HPI
2002 30 JUL	£190,000	£170,513	11% above HPI

SOUTHBANK 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 SOUTHBANK sales from July 2002 and June 2003 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 July 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2003 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is SOUTHBANK?

SOUTHBANK is 140m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 40% of detached houses in Wellington, based on EPC data. The below chart shows the distribution of detached houses by size in Wellington, and where SOUTHBANK lies on this distribution: 39% of detached houses are smaller than SOUTHBANK, and 61% of houses are larger. Note that EPC data is not available for all properties in Wellington.

SOUTHBANK: Plot and Title Map

SOUTHBANK sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of SOUTHBANK, 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 SOUTHBANK). 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 SOUTHBANK?

SOUTHBANK is located in WELLINGTON, in the HR4 postcode district. The below map shows the position of SOUTHBANK in WELLINGTON.