3, MAY BANK, MALVERN, WR14 2US - £108,000

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

3 MAY BANK is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £108,000 in June 2000, which was around 26% below the average June 2000 detached price in the Malvern Hills local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

3 MAY BANK Sold Prices

Land registry data shows two sales for 3 MAY BANK 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 MAY BANK 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
2000 20 JUN	£108,000	£145,203	26% below HPI
1997 10 SEP	£90,000	£112,771	20% below HPI

3 MAY BANK 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 MAY BANK sales from September 1997 and June 2000 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 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2000 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 MAY BANK?

3 MAY BANK is 76m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses in Great Malvern, based on EPC data. The below chart shows the distribution of detached houses by size in Great Malvern, and where 3 MAY BANK lies on this distribution: 11% of detached houses are smaller than 3 MAY BANK, and 89% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

3 MAY BANK: Plot and Title Map

3 MAY BANK sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 3 MAY BANK, 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 MAY BANK). 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 MAY BANK?

3 MAY BANK is located in MALVERN, in the WR14 postcode district. The below map shows the position of No. 3 on MAY BANK.