HEATHERBANK, EYE LANE, LUSTON, LEOMINSTER, HR6 0DU - £280,000

HEATHERBANK is a small detached house of 96m², built sometime between 1983 and 1990. It was last sold for £280,000 in January 2021, which was around 26% below the average January 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

HEATHERBANK Sold Prices

Land registry data shows four sales for HEATHERBANK 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 HEATHERBANK 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
2021 26 JAN	£280,000	£378,675	26% below HPI
2018 13 JUL	£195,000	£343,814	43% below HPI
2016 1 FEB	£200,000	£309,520	35% below HPI
1995 8 JUN	£72,000	£87,066	17% below HPI

HEATHERBANK 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 HEATHERBANK sales between June 1995 and January 2021 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 2018 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the January 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is HEATHERBANK?

HEATHERBANK is 96m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses in Luston, based on EPC data. The below chart shows the distribution of detached houses by size in Luston, and where HEATHERBANK lies on this distribution: 21% of detached houses are smaller than HEATHERBANK, and 76% of houses are larger. Note that EPC data is not available for all properties in Luston.

HEATHERBANK: Plot and Title Map

HEATHERBANK sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of HEATHERBANK, 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 HEATHERBANK). 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 HEATHERBANK?

HEATHERBANK is located on EYE LANE in LUSTON, in the HR6 postcode district. The below map shows the position of HEATHERBANK on EYE LANE.