2, OAK LANE, BURGHILL, HEREFORD, HR4 7QP - £430,000

2 OAK LANE is a large detached house of 178m², built sometime between 1996 and 2002. It was last sold for £430,000 in August 2016, which was around 40% above the average August 2016 detached price in the Herefordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

2 OAK LANE Sold Prices

Land registry data shows three sales for 2 OAK LANE 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 2 OAK 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
2016 22 AUG	£430,000	£307,594	40% above HPI
2007 23 FEB	£375,000	£273,330	37% above HPI
2001 26 SEP	£197,500	£148,242	33% above HPI

2 OAK 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 three 2 OAK LANE sales between September 2001 and August 2016 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 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2016 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 2 OAK LANE?

2 OAK LANE is 178m² according to the EPC inspection conducted in April 2016. This puts it in the largest 30% of detached houses in Burghill, based on EPC data. The below chart shows the distribution of detached houses by size in Burghill, and where 2 OAK LANE lies on this distribution: 72% of detached houses are smaller than 2 OAK LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Burghill.

2 OAK LANE: Plot and Title Map

2 OAK LANE sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of 2 OAK 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 2 OAK 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 2 OAK LANE?

2 OAK LANE is located in BURGHILL, in the HR4 postcode district. The below map shows the position of No. 2 on OAK LANE.