16, PROGRESS CLOSE, LEDBURY, HR8 2QZ - £291,000

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.

16 PROGRESS CLOSE is a small extended detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £360,241. It was last sold for £291,000 in May 2020, which was around 17% below the average May 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

16 PROGRESS CLOSE Sold Prices

Land registry data shows four sales for 16 PROGRESS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the four 16 PROGRESS CLOSE 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
2020 1 MAY	£291,000	£351,229	17% below HPI
2009 17 SEP	£225,000	£267,014	16% below HPI
2007 2 FEB	£250,000	£277,132	10% below HPI
1996 9 AUG	£75,995	£91,095	17% below HPI

16 PROGRESS CLOSE 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 four 16 PROGRESS CLOSE sales between August 1996 and May 2020 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 September 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 16 PROGRESS CLOSE be worth now?

16 PROGRESS CLOSE might now be worth an estimated £360,241.

This is based on house price inflation of 23.8%, between May 2020 and June 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 23.8% inflationary increase is applied to the most recent sale price for 16 PROGRESS CLOSE of £291,000 on 1st May 2020. For the value to have increased from £291,000 to £360,241 over the four years and eleven months to June 2025, the following assumptions must hold true:

• The value of 16 PROGRESS CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The May 2020 sale price of £291,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PROGRESS CLOSE has not materially changed since May 2020.

How Large is 16 PROGRESS CLOSE?

16 PROGRESS CLOSE is 88m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses houses in Ledbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ledbury, and where 16 PROGRESS CLOSE lies on this distribution: 27% of detached houses houses are smaller than 16 PROGRESS CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ledbury.

16 PROGRESS CLOSE: Plot and Title Map

16 PROGRESS CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 16 PROGRESS CLOSE, 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 16 PROGRESS CLOSE). 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 16 PROGRESS CLOSE?

16 PROGRESS CLOSE is located in LEDBURY, in the HR8 postcode district. The below map shows the position of No. 16 on PROGRESS CLOSE.