2, THE OAKLANDS, TENBURY WELLS, WR15 8FB - £255,000

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

2 THE OAKLANDS is a midsized extended detached house of 113m², built sometime between 1996 and 2002. It was last sold for £255,000 in April 2021, which was around 35% below the average April 2021 detached price in the Malvern Hills local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

2 THE OAKLANDS Sold Prices

Land registry data shows three sales for 2 THE OAKLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. All of the three 2 THE OAKLANDS 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
2021 1 APR	£255,000	£395,156	35% below HPI
2017 5 OCT	£237,500	£350,249	32% below HPI
2001 29 AUG	£97,000	£162,456	40% below HPI

2 THE OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Malvern Hills local authority area over time, sourced from the HPI. The three 2 THE OAKLANDS sales between August 2001 and April 2021 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 October 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 THE OAKLANDS?

2 THE OAKLANDS is 113m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 50% of detached houses in Tenbury Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Tenbury Wells, and where 2 THE OAKLANDS lies on this distribution: 52% of detached houses are smaller than 2 THE OAKLANDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Tenbury Wells.

2 THE OAKLANDS: Plot and Title Map

2 THE OAKLANDS sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 2 THE OAKLANDS, 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 THE OAKLANDS). 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 THE OAKLANDS?

2 THE OAKLANDS is located in TENBURY WELLS, in the WR15 postcode district. The below map shows the position of No. 2 on THE OAKLANDS.