2, PARK LANE, BEWDLEY, DY12 2EL - £377,500

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.

2 PARK LANE is a midsized extended detached house of 111m², built sometime between 1976 and 1982, which could now be worth an estimated £478,004. It was last sold for £377,500 in September 2019, which was around 25% above the average September 2019 detached price in the Wyre Forest local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

2 PARK LANE Sold Prices

Land registry data shows three sales for 2 PARK 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 Wyre Forest local authority area for the corresponding sale date. Two of the three 2 PARK LANE sales were for above the average price, whilst one was for below 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
2019 13 SEP	£377,500	£301,260	25% above HPI
2012 5 NOV	£280,000	£224,353	25% above HPI
2006 22 SEP	£215,000	£245,721	13% below HPI

2 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre Forest local authority area over time, sourced from the HPI. The three 2 PARK LANE sales between September 2006 and September 2019 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 November 2012 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2019 sale, which was also at 25% above the HPI.

What might 2 PARK LANE be worth now?

2 PARK LANE might now be worth an estimated £478,004.

This is based on house price inflation of 26.6%, between September 2019 and February 2025, for detached houses, in the Wyre Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.6% inflationary increase is applied to the most recent sale price for 2 PARK LANE of £377,500 on 13th September 2019. For the value to have increased from £377,500 to £478,004 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 PARK LANE has moved in line with the HPI for detached houses in the Wyre Forest local authority area.
• The September 2019 sale price of £377,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK LANE has not materially changed since September 2019.

How Large is 2 PARK LANE?

2 PARK LANE is 111m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses houses in Bewdley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bewdley, and where 2 PARK LANE lies on this distribution: 52% of detached houses houses are smaller than 2 PARK LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Bewdley.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 2 PARK 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 2 PARK 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 2 PARK LANE?

2 PARK LANE is located in BEWDLEY, in the DY12 postcode district. The below map shows the position of No. 2 on PARK LANE.