SPEEDWELL, WESTHOPE, HEREFORD, HR4 8BT - £580,000

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.

SPEEDWELL is a very large detached house of 210m², built sometime between 1996 and 2002, which could now be worth an estimated £939,919. It was last sold for £580,000 in June 2011, which was around 112% above the average June 2011 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

SPEEDWELL Sold Prices

Land registry data shows two sales for SPEEDWELL 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. Both of the two SPEEDWELL 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
2011 13 JUN	£580,000	£272,971	112% above HPI
2002 22 OCT	£525,000	£187,100	181% above HPI

SPEEDWELL 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 SPEEDWELL sales from October 2002 and June 2011 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 October 2002 sale was for 181% above the HPI. So the extrapolation line tracks at 181% above the HPI over time, until the June 2011 sale, where it falls to 112% above the HPI. The line then continues to track at 112% above the HPI.

What might SPEEDWELL be worth now?

SPEEDWELL might now be worth an estimated £939,919.

This is based on house price inflation of 62.1%, between June 2011 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 62.1% inflationary increase is applied to the most recent sale price for SPEEDWELL of £580,000 on 13th June 2011. For the value to have increased from £580,000 to £939,919 over the fifteen years and one month to May 2026, the following assumptions must hold true:

• The value of SPEEDWELL has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The June 2011 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of SPEEDWELL has not materially changed since June 2011.

How Large is SPEEDWELL?

SPEEDWELL is 210m² according to the EPC inspection conducted in July 2010. This puts it in the largest 20% of detached houses houses in Westhope, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westhope, and where SPEEDWELL lies on this distribution: 86% of detached houses houses are smaller than SPEEDWELL, and 14% of houses are larger. Note that EPC data is not available for all properties in Westhope.

SPEEDWELL: Plot and Title Map

SPEEDWELL sits on a plot of roughly 0.375 of an acre, or 1,517m². The below map shows the location of SPEEDWELL, 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 SPEEDWELL). 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 SPEEDWELL?

SPEEDWELL is located in WESTHOPE, in the HR4 postcode district. The below map shows the position of SPEEDWELL in WESTHOPE.