3, PIERS CLOSE, MALVERN, WR14 3JH - £435,000

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 PIERS CLOSE is a midsized extended detached house of 104m², built sometime between 1900 and 1929. It was last sold for £435,000 in May 2022, which was about the average May 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

3 PIERS CLOSE Sold Prices

Land registry data shows four sales for 3 PIERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. The four 3 PIERS CLOSE sales were a mix of roughly equal to the average price, and 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
2022 23 MAY	£435,000	£433,511	Close to HPI
2015 28 AUG	£295,000	£314,779	6% below HPI
2014 9 JAN	£250,000	£299,967	17% below HPI
1997 30 MAY	£86,000	£101,441	15% below HPI

3 PIERS 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 four 3 PIERS CLOSE sales between May 1997 and May 2022 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 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 3 PIERS CLOSE?

3 PIERS CLOSE is 104m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 50% 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 PIERS CLOSE lies on this distribution: 41% of detached houses are smaller than 3 PIERS CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

3 PIERS CLOSE: Plot and Title Map

3 PIERS CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 3 PIERS 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 PIERS 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 PIERS CLOSE?

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