4, PIERS CLOSE, MALVERN, WR14 3JH - £411,700

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

4 PIERS CLOSE is a large extended detached house of 127m², built sometime between 1930 and 1949. It was last sold for £411,700 in October 2023, which was around 12% below the average October 2023 detached price in the Malvern Hills local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was C.

4 PIERS CLOSE Sold Prices

Land registry data shows three sales for 4 PIERS CLOSE 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 4 PIERS 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 19 OCT	£411,700	£465,627	12% below HPI
1999 5 OCT	£103,000	£135,165	24% below HPI
1996 15 NOV	£88,000	£91,606	4% below HPI

4 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 three 4 PIERS CLOSE sales between November 1996 and October 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 October 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 PIERS CLOSE?

4 PIERS CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 40% 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 4 PIERS CLOSE lies on this distribution: 61% of detached houses are smaller than 4 PIERS CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

4 PIERS CLOSE: Plot and Title Map

4 PIERS CLOSE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 4 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 4 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 4 PIERS CLOSE?

4 PIERS CLOSE is located in MALVERN, in the WR14 postcode district. The below map shows the position of No. 4 on PIERS CLOSE.