MELFORD, NEWLANDS DRIVE, LEOMINSTER, HR6 8PR - £299,500

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.

MELFORD is a midsized detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £359,225. It was last sold for £299,500 in October 2020, which was around 20% below the average October 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

MELFORD Sold Prices

Land registry data shows three sales for MELFORD 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. One of the three MELFORD sales was for below the average price, whilst two 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
2020 30 OCT	£299,500	£374,203	20% below HPI
2001 28 JUN	£149,000	£146,057	2% above HPI
1999 29 SEP	£124,250	£119,508	4% above HPI

MELFORD 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 MELFORD sales between September 1999 and October 2020 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 June 2001 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might MELFORD be worth now?

MELFORD might now be worth an estimated £359,225.

This is based on house price inflation of 19.9%, between October 2020 and October 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 19.9% inflationary increase is applied to the most recent sale price for MELFORD of £299,500 on 30th October 2020. For the value to have increased from £299,500 to £359,225 over the five years to October 2025, the following assumptions must hold true:

• The value of MELFORD has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The October 2020 sale price of £299,500 represented a fair market value for the property.
• The size, condition, and specification of MELFORD has not materially changed since October 2020.

How Large is MELFORD?

MELFORD is 90m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses houses in Leominster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leominster, and where MELFORD lies on this distribution: 40% of detached houses houses are smaller than MELFORD, and 58% of houses are larger. Note that EPC data is not available for all properties in Leominster.

MELFORD: Plot and Title Map

MELFORD sits on a plot of roughly 0.205 of an acre, or 831m². The below map shows the location of MELFORD, 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 MELFORD). 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 MELFORD?

MELFORD is located on NEWLANDS DRIVE in LEOMINSTER, in the HR6 postcode district. The below map shows the position of MELFORD on NEWLANDS DRIVE.