40, PARK WAY, DROITWICH, WR9 9HE - £277,500

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

40 PARK WAY is a large extended detached house of 130m², built sometime between 1983 and 1990. It was last sold for £277,500 in March 2018, which was around 28% below the average March 2018 detached price in the Wychavon local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

40 PARK WAY Sold Prices

Land registry data shows three sales for 40 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 40 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
2018 15 MAR	£277,500	£387,695	28% below HPI
2003 9 JUN	£175,000	£237,243	26% below HPI
1998 19 FEB	£94,500	£124,848	24% below HPI

40 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 40 PARK WAY sales between February 1998 and March 2018 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 June 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 40 PARK WAY?

40 PARK WAY is 130m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 40% of detached houses in Droitwich Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Droitwich Spa, and where 40 PARK WAY lies on this distribution: 65% of detached houses are smaller than 40 PARK WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Droitwich Spa.

40 PARK WAY: Plot and Title Map

40 PARK WAY sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 40 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 40 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 40 PARK WAY?

40 PARK WAY is located in DROITWICH, in the WR9 postcode district. The below map shows the position of No. 40 on PARK WAY.