3, GAINSBOROUGH CLOSE, WELLAND, MALVERN, WR13 6SH - £310,000

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.

3 GAINSBOROUGH CLOSE is a very small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £334,557. It was last sold for £310,000 in June 2023, which was around 34% below the average June 2023 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

3 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 3 GAINSBOROUGH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. Both of the two 3 GAINSBOROUGH CLOSE 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 30 JUN	£310,000	£466,948	34% below HPI
2018 7 AUG	£210,000	£382,663	45% below HPI

3 GAINSBOROUGH CLOSE 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 two 3 GAINSBOROUGH CLOSE sales from August 2018 and June 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 2018 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2023 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 GAINSBOROUGH CLOSE be worth now?

3 GAINSBOROUGH CLOSE might now be worth an estimated £334,557.

This is based on house price inflation of 7.9%, between June 2023 and February 2025, for detached houses, in the Malvern Hills local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.9% inflationary increase is applied to the most recent sale price for 3 GAINSBOROUGH CLOSE of £310,000 on 30th June 2023. For the value to have increased from £310,000 to £334,557 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 3 GAINSBOROUGH CLOSE has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The June 2023 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GAINSBOROUGH CLOSE has not materially changed since June 2023.

How Large is 3 GAINSBOROUGH CLOSE?

3 GAINSBOROUGH CLOSE is 82m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses houses in Welland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welland, and where 3 GAINSBOROUGH CLOSE lies on this distribution: 7% of detached houses houses are smaller than 3 GAINSBOROUGH CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Welland.

3 GAINSBOROUGH CLOSE: Plot and Title Map

3 GAINSBOROUGH CLOSE sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 3 GAINSBOROUGH CLOSE, 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 3 GAINSBOROUGH CLOSE). 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 3 GAINSBOROUGH CLOSE?

3 GAINSBOROUGH CLOSE is located in WELLAND, in the WR13 postcode district. The below map shows the position of No. 3 on GAINSBOROUGH CLOSE.