SPRINGFIELD, OATLEYS ROAD, LEDBURY, HR8 2BW - £351,125

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.

SPRINGFIELD is a very large extended detached house of 144m², built sometime before 1900, which could now be worth an estimated £465,585. It was last sold for £351,125 in January 2018, which was around 5% above the average January 2018 detached price in the Herefordshire local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was C.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD 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 SPRINGFIELD 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
2018 8 JAN	£351,125	£333,612	5% above HPI
2016 20 DEC	£332,500	£312,944	6% above HPI
2002 22 JUL	£179,000	£172,884	4% above HPI

SPRINGFIELD 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 SPRINGFIELD sales between July 2002 and January 2018 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 December 2016 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the January 2018 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £465,585.

This is based on house price inflation of 32.6%, between January 2018 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 32.6% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £351,125 on 8th January 2018. For the value to have increased from £351,125 to £465,585 over the seven years and eight months to May 2026, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The January 2018 sale price of £351,125 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since January 2018.

How Large is SPRINGFIELD?

SPRINGFIELD is 144m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the largest 20% of detached houses houses in Ledbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ledbury, and where SPRINGFIELD lies on this distribution: 83% of detached houses houses are smaller than SPRINGFIELD, and 17% of houses are larger. Note that EPC data is not available for all properties in Ledbury.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.269 of an acre, or 1,090m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on OATLEYS ROAD in LEDBURY, in the HR8 postcode district. The below map shows the position of SPRINGFIELD on OATLEYS ROAD.