3, COWARNE RED WAY, HOLMER, HEREFORD, HR1 1GH - £275,000

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.

3 COWARNE RED WAY is a small detached house of 95m², which could now be worth an estimated £370,687. It was last sold for £275,000 in September 2017, which was around 17% below the average September 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was C.

3 COWARNE RED WAY Sold Prices

Land registry data shows two sales for 3 COWARNE RED WAY 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 3 COWARNE RED WAY 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 22 SEP	£275,000	£332,361	17% below HPI
2016 31 MAR	£255,000	£311,409	18% below HPI

3 COWARNE RED WAY 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 3 COWARNE RED WAY sales from March 2016 and September 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 COWARNE RED WAY be worth now?

3 COWARNE RED WAY might now be worth an estimated £370,687.

This is based on house price inflation of 34.8%, between September 2017 and July 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 34.8% inflationary increase is applied to the most recent sale price for 3 COWARNE RED WAY of £275,000 on 22nd September 2017. For the value to have increased from £275,000 to £370,687 over the eight years and two months to July 2025, the following assumptions must hold true:

• The value of 3 COWARNE RED WAY has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The September 2017 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COWARNE RED WAY has not materially changed since September 2017.

How Large is 3 COWARNE RED WAY?

3 COWARNE RED WAY is 95m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% 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 3 COWARNE RED WAY lies on this distribution: 29% of detached houses houses are smaller than 3 COWARNE RED WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Hereford.

3 COWARNE RED WAY: Plot and Title Map

3 COWARNE RED WAY sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 3 COWARNE RED WAY, 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 3 COWARNE RED WAY). 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 3 COWARNE RED WAY?

3 COWARNE RED WAY is located in HOLMER, in the HR1 postcode district. The below map shows the position of No. 3 on COWARNE RED WAY.