FIELD PLACE, PETERCHURCH, HEREFORD, HR2 0RT - £200,000

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.

FIELD PLACE is a very small detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £275,819. It was last sold for £200,000 in June 2017, which was around 38% below the average June 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was C.

FIELD PLACE Sold Prices

Land registry data shows two sales for FIELD PLACE 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 FIELD PLACE 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 9 JUN	£200,000	£320,763	38% below HPI
1999 21 JUL	£75,000	£113,902	34% below HPI

FIELD PLACE 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 FIELD PLACE sales from July 1999 and June 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 July 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might FIELD PLACE be worth now?

FIELD PLACE might now be worth an estimated £275,819.

This is based on house price inflation of 37.9%, between June 2017 and May 2026, 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 37.9% inflationary increase is applied to the most recent sale price for FIELD PLACE of £200,000 on 9th June 2017. For the value to have increased from £200,000 to £275,819 over the nine years and one month to May 2026, the following assumptions must hold true:

• The value of FIELD PLACE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The June 2017 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of FIELD PLACE has not materially changed since June 2017.

How Large is FIELD PLACE?

FIELD PLACE is 71m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses houses in Peterchurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterchurch, and where FIELD PLACE lies on this distribution: 5% of detached houses houses are smaller than FIELD PLACE, and 95% of houses are larger. Note that EPC data is not available for all properties in Peterchurch.

FIELD PLACE: Plot and Title Map

FIELD PLACE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of FIELD PLACE, 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 FIELD PLACE). 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 FIELD PLACE?

FIELD PLACE is located in PETERCHURCH, in the HR2 postcode district. The below map shows the position of FIELD PLACE in PETERCHURCH.