8, OTLEY CLOSE, WORCESTER, WR4 0BJ - £278,000

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

8 OTLEY CLOSE is a very large extended detached house of 156m², built sometime between 1983 and 1990. It was last sold for £278,000 in November 2015, which was around 7% below the average November 2015 detached price in the Worcester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

8 OTLEY CLOSE Sold Prices

Land registry data shows four sales for 8 OTLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the four 8 OTLEY 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
2015 27 NOV	£278,000	£300,487	7% below HPI
2015 19 MAR	£202,000	£285,480	29% below HPI
2002 28 MAR	£125,000	£162,169	23% below HPI
1998 22 JUN	£73,500	£99,238	26% below HPI

8 OTLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The four 8 OTLEY CLOSE sales between June 1998 and November 2015 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 March 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2015 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 8 OTLEY CLOSE?

8 OTLEY CLOSE is 156m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where 8 OTLEY CLOSE lies on this distribution: 85% of detached houses are smaller than 8 OTLEY CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Worcester.

8 OTLEY CLOSE: Plot and Title Map

8 OTLEY CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 8 OTLEY 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 8 OTLEY 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 8 OTLEY CLOSE?

8 OTLEY CLOSE is located in WORCESTER, in the WR4 postcode district. The below map shows the position of No. 8 on OTLEY CLOSE.