THE OAKS, MADLEY, HEREFORD, HR2 9NN - £425,000

THE OAKS is a large extended detached house of 164m², built sometime between 1950 and 1966. It was last sold for £425,000 in November 2017, which was around 30% above the average November 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

THE OAKS Sold Prices

Land registry data shows two sales for THE OAKS 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 THE OAKS 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
2017 20 NOV	£425,000	£326,207	30% above HPI
2014 27 OCT	£405,000	£289,453	40% above HPI

THE OAKS 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 THE OAKS sales from October 2014 and November 2017 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 2014 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the November 2017 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is THE OAKS?

THE OAKS is 164m², which includes three extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of detached houses in Madley, based on EPC data. The below chart shows the distribution of detached houses by size in Madley, and where THE OAKS lies on this distribution: 69% of detached houses are smaller than THE OAKS, and 31% of houses are larger. Note that EPC data is not available for all properties in Madley.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.314 of an acre, or 1,270m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

THE OAKS is located in MADLEY, in the HR2 postcode district. The below map shows the position of THE OAKS in MADLEY.