8, MERCIA WAY, KEMPSEY, WORCESTER, WR5 3QZ - £271,000

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.

8 MERCIA WAY is a small detached house of 92m², which could now be worth an estimated £359,600. It was last sold for £271,000 in May 2018, which was around 29% below the average May 2018 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2016, where the current energy rating was B, and the potential energy rating was A.

8 MERCIA WAY Sold Prices

Land registry data shows two sales for 8 MERCIA WAY 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 8 MERCIA 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 8 MAY	£271,000	£379,775	29% below HPI
2016 29 APR	£275,000	£354,060	22% below HPI

8 MERCIA WAY 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 8 MERCIA WAY sales from April 2016 and May 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 April 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 8 MERCIA WAY be worth now?

8 MERCIA WAY might now be worth an estimated £359,600.

This is based on house price inflation of 32.7%, between May 2018 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 32.7% inflationary increase is applied to the most recent sale price for 8 MERCIA WAY of £271,000 on 8th May 2018. For the value to have increased from £271,000 to £359,600 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 8 MERCIA WAY has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The May 2018 sale price of £271,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERCIA WAY has not materially changed since May 2018.

How Large is 8 MERCIA WAY?

8 MERCIA WAY is 92m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses houses in Kempsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kempsey, and where 8 MERCIA WAY lies on this distribution: 22% of detached houses houses are smaller than 8 MERCIA WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Kempsey.

8 MERCIA WAY: Plot and Title Map

8 MERCIA WAY sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 8 MERCIA 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 8 MERCIA 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 8 MERCIA WAY?

8 MERCIA WAY is located in KEMPSEY, in the WR5 postcode district. The below map shows the position of No. 8 on MERCIA WAY.