SUMMERLEA, SHOBDON, LEOMINSTER, HR6 9ND - £312,000

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.

SUMMERLEA is a small detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £391,939. It was last sold for £312,000 in June 2018, which was around 10% below the average June 2018 detached price in the Herefordshire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

SUMMERLEA Sold Prices

Land registry data shows two sales for SUMMERLEA 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 SUMMERLEA 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
2018 1 JUN	£312,000	£346,120	10% below HPI
2014 25 APR	£215,000	£283,801	24% below HPI

SUMMERLEA 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 SUMMERLEA sales from April 2014 and June 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 April 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might SUMMERLEA be worth now?

SUMMERLEA might now be worth an estimated £391,939.

This is based on house price inflation of 25.6%, between June 2018 and June 2025, 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 25.6% inflationary increase is applied to the most recent sale price for SUMMERLEA of £312,000 on 1st June 2018. For the value to have increased from £312,000 to £391,939 over the seven years to June 2025, the following assumptions must hold true:

• The value of SUMMERLEA has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The June 2018 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of SUMMERLEA has not materially changed since June 2018.

How Large is SUMMERLEA?

SUMMERLEA is 105m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 30% of detached houses houses in Shobdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shobdon, and where SUMMERLEA lies on this distribution: 22% of detached houses houses are smaller than SUMMERLEA, and 78% of houses are larger. Note that EPC data is not available for all properties in Shobdon.

SUMMERLEA: Plot and Title Map

SUMMERLEA sits on a plot of roughly 0.271 of an acre, or 1,096m². The below map shows the location of SUMMERLEA, 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 SUMMERLEA). 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 SUMMERLEA?

SUMMERLEA is located in SHOBDON, in the HR6 postcode district. The below map shows the position of SUMMERLEA in SHOBDON.