1, CHESTNUT LANE, INKBERROW, WORCESTER, WR7 4ES - £487,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CHESTNUT LANE is a very large extended detached house of 211m², built sometime between 1967 and 1975. It was last sold for £487,500 in August 2018, which was around 23% above the average August 2018 detached price in the Wychavon local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

1 CHESTNUT LANE Sold Prices

Land registry data shows three sales for 1 CHESTNUT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. All of the three 1 CHESTNUT LANE 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
2018 21 AUG	£487,500	£396,671	23% above HPI
2006 1 SEP	£385,000	£306,023	26% above HPI
1997 27 MAR	£122,000	£108,744	12% above HPI

1 CHESTNUT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The three 1 CHESTNUT LANE sales between March 1997 and August 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 September 2006 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2018 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 1 CHESTNUT LANE?

1 CHESTNUT LANE is 211m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses in Inkberrow, based on EPC data. The below chart shows the distribution of detached houses by size in Inkberrow, and where 1 CHESTNUT LANE lies on this distribution: 89% of detached houses are smaller than 1 CHESTNUT LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Inkberrow.

1 CHESTNUT LANE: Plot and Title Map

1 CHESTNUT LANE sits on a plot of roughly 0.154 of an acre, or 623m². The below map shows the location of 1 CHESTNUT LANE, 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 1 CHESTNUT LANE). 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 1 CHESTNUT LANE?

1 CHESTNUT LANE is located in INKBERROW, in the WR7 postcode district. The below map shows the position of No. 1 on CHESTNUT LANE.