12, SOUTHBANK ROAD, HEREFORD, HR1 2TJ - £430,000

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.

12 SOUTHBANK ROAD is a very large extended detached house of 172m², built sometime between 1967 and 1975, which could now be worth an estimated £578,721. It was last sold for £430,000 in October 2017, which was around 29% above the average October 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

12 SOUTHBANK ROAD Sold Prices

Land registry data shows three sales for 12 SOUTHBANK ROAD 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 12 SOUTHBANK ROAD 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
2017 27 OCT	£430,000	£333,485	29% above HPI
2012 3 DEC	£245,000	£271,325	10% below HPI
1998 30 JAN	£115,000	£101,784	13% above HPI

12 SOUTHBANK ROAD 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 12 SOUTHBANK ROAD sales between January 1998 and October 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 December 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2017 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 12 SOUTHBANK ROAD be worth now?

12 SOUTHBANK ROAD might now be worth an estimated £578,721.

This is based on house price inflation of 34.6%, between October 2017 and October 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 34.6% inflationary increase is applied to the most recent sale price for 12 SOUTHBANK ROAD of £430,000 on 27th October 2017. For the value to have increased from £430,000 to £578,721 over the eight years to October 2025, the following assumptions must hold true:

• The value of 12 SOUTHBANK ROAD has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The October 2017 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOUTHBANK ROAD has not materially changed since October 2017.

How Large is 12 SOUTHBANK ROAD?

12 SOUTHBANK ROAD is 172m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses houses in Hereford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hereford, and where 12 SOUTHBANK ROAD lies on this distribution: 89% of detached houses houses are smaller than 12 SOUTHBANK ROAD, and 11% of houses are larger. Note that EPC data is not available for all properties in Hereford.

12 SOUTHBANK ROAD: Plot and Title Map

12 SOUTHBANK ROAD sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 12 SOUTHBANK ROAD, 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 12 SOUTHBANK ROAD). 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 12 SOUTHBANK ROAD?

12 SOUTHBANK ROAD is located in HEREFORD, in the HR1 postcode district. The below map shows the position of No. 12 on SOUTHBANK ROAD.