31, PARK WAY, DROITWICH, WR9 9HE - £265,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 PARK WAY is a small extended detached house of 100m², built sometime between 1967 and 1975. It was last sold for £265,000 in October 2020, which was around 35% below the average October 2020 detached price in the Wychavon local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

31 PARK WAY Sold Prices

Land registry data shows three sales for 31 PARK 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 31 PARK 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
2020 29 OCT	£265,000	£405,055	35% below HPI
2001 6 JUL	£88,950	£170,864	48% below HPI
1999 1 OCT	£77,500	£136,567	43% below HPI

31 PARK 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 31 PARK WAY sales between October 1999 and October 2020 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 July 2001 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 31 PARK WAY be worth now?

31 PARK WAY might now be worth an estimated £310,836.

This is based on house price inflation of 17.3%, between October 2020 and December 2024, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.3% inflationary increase is applied to the most recent sale price for 31 PARK WAY of £265,000 on 29th October 2020. For the value to have increased from £265,000 to £310,836 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 31 PARK WAY has moved in line with the HPI for detached houses in the Wychavon local authority area.
• The October 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 31 PARK WAY has not materially changed since October 2020.

How Large is 31 PARK WAY?

31 PARK WAY is 100m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% of detached houses houses in Droitwich Spa, based on EPC data. The below chart shows the distribution of detached houses houses by size in Droitwich Spa, and where 31 PARK WAY lies on this distribution: 30% of detached houses houses are smaller than 31 PARK WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Droitwich Spa.

31 PARK WAY: Plot and Title Map

31 PARK WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 31 PARK 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 31 PARK 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 31 PARK WAY?

31 PARK WAY is located in DROITWICH, in the WR9 postcode district. The below map shows the position of No. 31 on PARK WAY.