THE ELMS, LAUNDRY LANE, LEOMINSTER, HR6 8JT - £159,500

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

THE ELMS is a very large extended detached house of 135m², built sometime between 1950 and 1966. It was last sold for £159,500 in January 2017, which was around 48% below the average January 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS 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 THE ELMS 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
2017 6 JAN	£159,500	£308,960	48% below HPI
2016 21 OCT	£125,000	£309,415	60% 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 two THE ELMS sales from October 2016 and January 2017 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 October 2016 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the January 2017 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is THE ELMS?

THE ELMS is 135m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses in Leominster, based on EPC data. The below chart shows the distribution of detached houses by size in Leominster, and where THE ELMS lies on this distribution: 83% of detached houses are smaller than THE ELMS, and 17% of houses are larger. Note that EPC data is not available for all properties in Leominster.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.170 of an acre, or 688m². 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 on LAUNDRY LANE in LEOMINSTER, in the HR6 postcode district. The below map shows the position of THE ELMS on LAUNDRY LANE.