2, STEPHENSON WAY, HONEYBOURNE, EVESHAM, WR11 7GH - £425,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 STEPHENSON WAY is a small extended detached house of 103m², built sometime between 1996 and 2002. It was last sold for £425,000 in April 2023, which was around 10% below the average April 2023 detached price in the Wychavon local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

2 STEPHENSON WAY Sold Prices

Land registry data shows three sales for 2 STEPHENSON WAY 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 2 STEPHENSON WAY sales were 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
2023 5 APR	£425,000	£474,204	10% below HPI
2003 28 AUG	£205,000	£244,497	16% below HPI
2000 21 JUL	£136,000	£157,536	14% below HPI

2 STEPHENSON WAY 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 2 STEPHENSON WAY sales between July 2000 and April 2023 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 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 STEPHENSON WAY?

2 STEPHENSON WAY is 103m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 30% of detached houses in Honeybourne, based on EPC data. The below chart shows the distribution of detached houses by size in Honeybourne, and where 2 STEPHENSON WAY lies on this distribution: 27% of detached houses are smaller than 2 STEPHENSON WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Honeybourne.

2 STEPHENSON WAY: Plot and Title Map

2 STEPHENSON WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 2 STEPHENSON WAY, 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 STEPHENSON WAY). 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 STEPHENSON WAY?

2 STEPHENSON WAY is located in HONEYBOURNE, in the WR11 postcode district. The below map shows the position of No. 2 on STEPHENSON WAY.