RED HOUSE, LUSTON, LEOMINSTER, HR6 0EB - £315,000

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.

RED HOUSE is a very large extended detached house of 174m², built sometime before 1900, which could now be worth an estimated £483,764. It was last sold for £315,000 in January 2008, which was around 9% above the average January 2008 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

RED HOUSE Sold Prices

Land registry data shows four sales for RED HOUSE 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. Most of the four RED HOUSE 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
2008 31 JAN	£315,000	£288,042	9% above HPI
2006 16 NOV	£275,000	£282,616	3% below HPI
2004 17 SEP	£270,000	£260,280	4% above HPI
2002 20 SEP	£185,000	£182,875	1% above HPI

RED HOUSE 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 RED HOUSE sales between September 2002 and January 2008 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 November 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2008 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might RED HOUSE be worth now?

RED HOUSE might now be worth an estimated £483,764.

This is based on house price inflation of 53.6%, between January 2008 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 53.6% inflationary increase is applied to the most recent sale price for RED HOUSE of £315,000 on 31st January 2008. For the value to have increased from £315,000 to £483,764 over the seventeen years and eight months to May 2026, the following assumptions must hold true:

• The value of RED HOUSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The January 2008 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of RED HOUSE has not materially changed since January 2008.

How Large is RED HOUSE?

RED HOUSE is 174m², which includes four extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 20% of detached houses houses in Luston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luston, and where RED HOUSE lies on this distribution: 81% of detached houses houses are smaller than RED HOUSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Luston.

RED HOUSE: Plot and Title Map

RED HOUSE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

RED HOUSE is located in LUSTON, in the HR6 postcode district. The below map shows the position of RED HOUSE in LUSTON.