THE MERE, SHOBDON, LEOMINSTER, HR6 9ND - £460,000

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 MERE is a large extended detached house of 163m², built sometime between 2003 and 2006, which could now be worth an estimated £583,320. It was last sold for £460,000 in November 2019, which was around 32% above the average November 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

THE MERE Sold Prices

Land registry data shows three sales for THE MERE 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. All of the three THE MERE 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
2019 29 NOV	£460,000	£349,298	32% above HPI
2016 25 FEB	£327,000	£313,826	4% above HPI
2006 14 DEC	£315,000	£279,392	13% above HPI

THE MERE 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 MERE sales between December 2006 and November 2019 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 February 2016 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2019 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might THE MERE be worth now?

THE MERE might now be worth an estimated £583,320.

This is based on house price inflation of 26.8%, between November 2019 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 26.8% inflationary increase is applied to the most recent sale price for THE MERE of £460,000 on 29th November 2019. For the value to have increased from £460,000 to £583,320 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of THE MERE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The November 2019 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of THE MERE has not materially changed since November 2019.

How Large is THE MERE?

THE MERE is 163m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 40% of detached houses houses in Shobdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shobdon, and where THE MERE lies on this distribution: 60% of detached houses houses are smaller than THE MERE, and 40% of houses are larger. Note that EPC data is not available for all properties in Shobdon.

THE MERE: Plot and Title Map

THE MERE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of THE MERE, 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 MERE). 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 MERE?

THE MERE is located in SHOBDON, in the HR6 postcode district. The below map shows the position of THE MERE in SHOBDON.