THE ELMS, ALMELEY, HEREFORD, HR3 6LQ - £420,000

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.

THE ELMS is a large extended detached house of 196m², built sometime between 2003 and 2006, which could now be worth an estimated £500,935. It was last sold for £420,000 in July 2021, which was around 13% above the average July 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows three sales for THE ELMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Two of the three THE ELMS sales were for above the average price, whilst one was 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 16 JUL	£420,000	£371,375	13% above HPI
2007 10 AUG	£306,000	£289,055	6% above HPI
2006 17 FEB	£130,000	£259,537	50% below HPI

THE ELMS 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 three THE ELMS sales between February 2006 and July 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 August 2007 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2021 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might THE ELMS be worth now?

THE ELMS might now be worth an estimated £500,935.

This is based on house price inflation of 19.3%, between July 2021 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 19.3% inflationary increase is applied to the most recent sale price for THE ELMS of £420,000 on 16th July 2021. For the value to have increased from £420,000 to £500,935 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of THE ELMS has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The July 2021 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of THE ELMS has not materially changed since July 2021.

How Large is THE ELMS?

THE ELMS is 196m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Almeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Almeley, and where THE ELMS lies on this distribution: 77% of detached houses houses are smaller than THE ELMS, and 23% of houses are larger. Note that EPC data is not available for all properties in Almeley.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located in ALMELEY, in the HR3 postcode district. The below map shows the position of THE ELMS in ALMELEY.