THE OLD BAKEHOUSE, VICTORIA ROAD, LEDBURY, HR8 2DE - £195,000

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.

THE OLD BAKEHOUSE is a very small extended terraced house of 70m², built sometime between 1900 and 1929, which could now be worth an estimated £251,862. It was last sold for £195,000 in September 2020, which was around 18% above the average September 2020 terraced price in the Herefordshire local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

THE OLD BAKEHOUSE Sold Prices

Land registry data shows three sales for THE OLD BAKEHOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Herefordshire local authority area for the corresponding sale date. All of the three THE OLD BAKEHOUSE 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
2020 23 SEP	£195,000	£165,654	18% above HPI
2009 23 JUL	£167,000	£125,565	33% above HPI
2007 5 APR	£165,000	£140,398	18% above HPI

THE OLD BAKEHOUSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Herefordshire local authority area over time, sourced from the HPI. The three THE OLD BAKEHOUSE sales between April 2007 and September 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 July 2009 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the September 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might THE OLD BAKEHOUSE be worth now?

THE OLD BAKEHOUSE might now be worth an estimated £251,862.

This is based on house price inflation of 29.2%, between September 2020 and October 2025, for terraced 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 29.2% inflationary increase is applied to the most recent sale price for THE OLD BAKEHOUSE of £195,000 on 23rd September 2020. For the value to have increased from £195,000 to £251,862 over the four years and eleven months to October 2025, the following assumptions must hold true:

• The value of THE OLD BAKEHOUSE has moved in line with the HPI for terraced houses in the Herefordshire local authority area.
• The September 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD BAKEHOUSE has not materially changed since September 2020.

How Large is THE OLD BAKEHOUSE?

THE OLD BAKEHOUSE is 70m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of terraced houses houses in Ledbury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ledbury, and where THE OLD BAKEHOUSE lies on this distribution: 5% of terraced houses houses are smaller than THE OLD BAKEHOUSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Ledbury.

THE OLD BAKEHOUSE: Plot and Title Map

THE OLD BAKEHOUSE sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of THE OLD BAKEHOUSE, 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 OLD BAKEHOUSE). 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 OLD BAKEHOUSE?

THE OLD BAKEHOUSE is located on VICTORIA ROAD in LEDBURY, in the HR8 postcode district. The below map shows the position of THE OLD BAKEHOUSE on VICTORIA ROAD.