10, GORSTY LANE, HEREFORD, HR1 1UL - £245,000

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.

10 GORSTY LANE is a midsized terraced house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £366,297. It was last sold for £245,000 in February 2015, which was around 77% above the average February 2015 terraced price in the Herefordshire local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

10 GORSTY LANE Sold Prices

Land registry data shows three sales for 10 GORSTY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Herefordshire local authority area for the corresponding sale date. All of the three 10 GORSTY LANE 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
2015 6 FEB	£245,000	£138,427	77% above HPI
2007 19 OCT	£217,000	£144,055	51% above HPI
2001 19 APR	£119,000	£59,013	102% above HPI

10 GORSTY LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Herefordshire local authority area over time, sourced from the HPI. The three 10 GORSTY LANE sales between April 2001 and February 2015 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 2007 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the February 2015 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 10 GORSTY LANE be worth now?

10 GORSTY LANE might now be worth an estimated £366,297.

This is based on house price inflation of 49.5%, between February 2015 and May 2026, for terraced 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 49.5% inflationary increase is applied to the most recent sale price for 10 GORSTY LANE of £245,000 on 6th February 2015. For the value to have increased from £245,000 to £366,297 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 10 GORSTY LANE has moved in line with the HPI for terraced houses in the Herefordshire local authority area.
• The February 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 10 GORSTY LANE has not materially changed since February 2015.

How Large is 10 GORSTY LANE?

10 GORSTY LANE is 114m² according to the EPC inspection conducted in March 2014. This puts it in the largest 50% of terraced houses houses in Hereford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hereford, and where 10 GORSTY LANE lies on this distribution: 52% of terraced houses houses are smaller than 10 GORSTY LANE, and 47% of houses are larger. Note that EPC data is not available for all properties in Hereford.

10 GORSTY LANE: Plot and Title Map

10 GORSTY LANE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 10 GORSTY 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 10 GORSTY 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 10 GORSTY LANE?

10 GORSTY LANE is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 10 on GORSTY LANE.