According to the public record, 16, Gorsty Lane, Hereford is a mid-century freehold house and with 785 ft2 of internal area and sits on a 263 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gorsty Lane, Hereford, HR1 is located within the HR1 postal district.
16, Gorsty Lane, Hereford has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated September 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Gorsty Lane Hereford as £290,519 and the rental value as £1,067 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 16 Gorsty Lane Hereford has increased by £3,387 (1.2%) and its rental value has decreased by £6 per month (0.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Gorsty Lane, Hereford is in very good condition we estimate a sale value of £305,045 and rental value of £1,120 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,183 and a rental value of £992 per month.
If you were able to purchase this property for the estimated value of £290,519, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,428 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Gorsty Lane, Hereford sits on a plot of 263m2.
We have plot size data on 24 out of 61 other houses in the postcode and 16, Gorsty Lane, Hereford sits on the 24th largest plot.
According to HM Land Registry, 16, Gorsty Lane, Hereford was last sold on 17 Jun 2022 for £300,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Gorsty Lane, Hereford within a radius of 122m over the last 2 years.
The most recent example is 21, Rosemary Gardens, Hereford, HR1 1UW, a Freehold house which sold for £270,000 in May 2022.
Read more about house prices in HR1.
Gorsty Lane, Hereford, HR1 has a total of 80 addresses. According to our analysis of all the public data, 16, Gorsty Lane, Hereford is the 49th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in HR1.
16, Gorsty Lane, Hereford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Sep 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Gorsty Lane, Hereford is Hereford station which is 2.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Gorsty Lane, Hereford, 55.0% of property is privately owned outright and 29.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Gorsty Lane, Hereford, 19.6% of residents are recorded as possessing school level qualifications and 34.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Gorsty Lane, Hereford, the average age was 45.4 and the most common age was 57.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Gorsty Lane, Hereford, 1.3% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Gorsty Lane, Hereford, there are an average of 1.4 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.