RIBSTONE, RYELANDS ROAD, LEOMINSTER, HR6 8PE - £312,000

RIBSTONE is a midsized extended detached house of 108m², built sometime between 1900 and 1929. It was last sold for £312,000 in June 2020, which was around 10% below the average June 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

RIBSTONE Sold Prices

Land registry data shows three sales for RIBSTONE 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. All of the three RIBSTONE 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
2020 19 JUN	£312,000	£345,150	10% below HPI
2018 4 SEP	£299,995	£345,345	13% below HPI
2016 5 FEB	£259,000	£309,520	16% below HPI

RIBSTONE 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 RIBSTONE sales between February 2016 and June 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 September 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is RIBSTONE?

RIBSTONE is 108m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Leominster, based on EPC data. The below chart shows the distribution of detached houses by size in Leominster, and where RIBSTONE lies on this distribution: 60% of detached houses are smaller than RIBSTONE, and 40% of houses are larger. Note that EPC data is not available for all properties in Leominster.

RIBSTONE: Plot and Title Map

RIBSTONE sits on a plot of roughly 0.190 of an acre, or 768m². The below map shows the location of RIBSTONE, 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 RIBSTONE). 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 RIBSTONE?

RIBSTONE is located on RYELANDS ROAD in LEOMINSTER, in the HR6 postcode district. The below map shows the position of RIBSTONE on RYELANDS ROAD.