THE STEPPES, LUSTON, LEOMINSTER, HR6 0EA - £422,000

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 STEPPES is a very large extended detached house of 194m², built sometime before 1900, which could now be worth an estimated £588,629. It was last sold for £422,000 in April 2017, which was around 33% above the average April 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was D.

THE STEPPES Sold Prices

Land registry data shows two sales for THE STEPPES 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. One of the two THE STEPPES sales was for above the average price, whilst the other was roughly equal to 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 26 APR	£422,000	£317,209	33% above HPI
2004 17 AUG	£260,000	£258,850	Close to HPI

THE STEPPES 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 STEPPES sales from August 2004 and April 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 August 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2017 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might THE STEPPES be worth now?

THE STEPPES might now be worth an estimated £588,629.

This is based on house price inflation of 39.5%, between April 2017 and April 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 39.5% inflationary increase is applied to the most recent sale price for THE STEPPES of £422,000 on 26th April 2017. For the value to have increased from £422,000 to £588,629 over the nine years to April 2026, the following assumptions must hold true:

• The value of THE STEPPES has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The April 2017 sale price of £422,000 represented a fair market value for the property.
• The size, condition, and specification of THE STEPPES has not materially changed since April 2017.

How Large is THE STEPPES?

THE STEPPES is 194m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 20% of detached houses houses in Luston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luston, and where THE STEPPES lies on this distribution: 90% of detached houses houses are smaller than THE STEPPES, and 10% of houses are larger. Note that EPC data is not available for all properties in Luston.

THE STEPPES: Plot and Title Map

THE STEPPES sits on a plot of roughly 0.920 of an acre, or 3,725m². The below map shows the location of THE STEPPES, 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 STEPPES). 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 STEPPES?

THE STEPPES is located in LUSTON, in the HR6 postcode district. The below map shows the position of THE STEPPES in LUSTON.