3, THE MILL, BROMSASH, ROSS-ON-WYE, HR9 7PN - £305,000

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 THE MILL is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £482,828. It was last sold for £305,000 in March 2011, which was around 10% above the average March 2011 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

3 THE MILL Sold Prices

Land registry data shows four sales for 3 THE MILL 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 3 THE MILL 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
2011 25 MAR	£305,000	£276,825	10% above HPI
2007 22 FEB	£304,950	£277,132	10% above HPI
2001 29 NOV	£175,000	£156,199	12% above HPI
1999 9 APR	£116,500	£108,586	7% above HPI

3 THE MILL 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 3 THE MILL sales between April 1999 and March 2011 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 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2011 sale, which was also at 10% above the HPI.

What might 3 THE MILL be worth now?

3 THE MILL might now be worth an estimated £482,828.

This is based on house price inflation of 58.3%, between March 2011 and March 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 58.3% inflationary increase is applied to the most recent sale price for 3 THE MILL of £305,000 on 25th March 2011. For the value to have increased from £305,000 to £482,828 over the fourteen years to March 2025, the following assumptions must hold true:

• The value of 3 THE MILL has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The March 2011 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE MILL has not materially changed since March 2011.

How Large is 3 THE MILL?

3 THE MILL is 114m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses houses in Bromsash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsash, and where 3 THE MILL lies on this distribution: 24% of detached houses houses are smaller than 3 THE MILL, and 76% of houses are larger. Note that EPC data is not available for all properties in Bromsash.

3 THE MILL: Plot and Title Map

3 THE MILL sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 THE MILL, 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 THE MILL). 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 THE MILL?

3 THE MILL is located in BROMSASH, in the HR9 postcode district. The below map shows the position of 3 THE MILL in BROMSASH.