PROSPECT PLACE, CANON PYON, HEREFORD, HR4 8NU - £302,500

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.

PROSPECT PLACE is a large extended detached house of 142m², built sometime before 1900, which could now be worth an estimated £493,190. It was last sold for £302,500 in December 2012, which was around 11% above the average December 2012 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

PROSPECT PLACE Sold Prices

Land registry data shows two sales for PROSPECT 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. One of the two PROSPECT PLACE sales was for above the average price, whilst the other was 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
2012 14 DEC	£302,500	£271,325	11% above HPI
1997 11 APR	£60,000	£92,291	35% below HPI

PROSPECT 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 PROSPECT PLACE sales from April 1997 and December 2012 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 April 1997 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2012 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might PROSPECT PLACE be worth now?

PROSPECT PLACE might now be worth an estimated £493,190.

This is based on house price inflation of 63%, between December 2012 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 63% inflationary increase is applied to the most recent sale price for PROSPECT PLACE of £302,500 on 14th December 2012. For the value to have increased from £302,500 to £493,190 over the fourteen years and seven months to May 2026, the following assumptions must hold true:

• The value of PROSPECT PLACE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The December 2012 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT PLACE has not materially changed since December 2012.

How Large is PROSPECT PLACE?

PROSPECT PLACE is 142m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the largest 30% of detached houses houses in Canon Pyon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canon Pyon, and where PROSPECT PLACE lies on this distribution: 71% of detached houses houses are smaller than PROSPECT PLACE, and 26% of houses are larger. Note that EPC data is not available for all properties in Canon Pyon.

PROSPECT PLACE: Plot and Title Map

PROSPECT PLACE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of PROSPECT 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 PROSPECT 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 PROSPECT PLACE?

PROSPECT PLACE is located in CANON PYON, in the HR4 postcode district. The below map shows the position of PROSPECT PLACE in CANON PYON.