5, PIERS CLOSE, MALVERN, WR14 3JH - £410,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 PIERS CLOSE is a small extended detached house of 94m², built sometime between 1900 and 1929, which could now be worth an estimated £441,231. It was last sold for £410,000 in March 2023, which was around 12% below the average March 2023 detached price in the Malvern Hills local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

5 PIERS CLOSE Sold Prices

Land registry data shows two sales for 5 PIERS CLOSE 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 5 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 16 MAR	£410,000	£468,269	12% below HPI
2021 30 JUN	£350,000	£431,460	19% below HPI

5 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 two 5 PIERS CLOSE sales from June 2021 and March 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 June 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 PIERS CLOSE be worth now?

5 PIERS CLOSE might now be worth an estimated £441,231.

This is based on house price inflation of 7.6%, between March 2023 and February 2025, for detached houses, in the Malvern Hills local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.6% inflationary increase is applied to the most recent sale price for 5 PIERS CLOSE of £410,000 on 16th March 2023. For the value to have increased from £410,000 to £441,231 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 5 PIERS CLOSE has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The March 2023 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PIERS CLOSE has not materially changed since March 2023.

How Large is 5 PIERS CLOSE?

5 PIERS CLOSE is 94m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% of detached houses houses in Great Malvern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Malvern, and where 5 PIERS CLOSE lies on this distribution: 30% of detached houses houses are smaller than 5 PIERS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

5 PIERS CLOSE: Plot and Title Map

5 PIERS CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 5 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 5 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 5 PIERS CLOSE?

5 PIERS CLOSE is located in MALVERN, in the WR14 postcode district. The below map shows the position of No. 5 on PIERS CLOSE.