1, THE LANE, HEREFORD, HR1 1TJ - £273,500

1 THE LANE is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £273,500 in January 2017, which was around 11% below the average January 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1 THE LANE Sold Prices

Land registry data shows two sales for 1 THE LANE 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 1 THE LANE 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 24 JAN	£273,500	£308,960	11% below HPI
2008 20 MAR	£80,000	£277,381	71% below HPI

1 THE LANE 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 1 THE LANE sales from March 2008 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 March 2008 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the January 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 THE LANE?

1 THE LANE is 114m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% of detached houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses by size in Hereford, and where 1 THE LANE lies on this distribution: 52% of detached houses are smaller than 1 THE LANE, and 47% of houses are larger. Note that EPC data is not available for all properties in Hereford.

1 THE LANE: Plot and Title Map

1 THE LANE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 1 THE LANE, 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 1 THE LANE). 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 1 THE LANE?

1 THE LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 1 on THE LANE.