8, WELLAND CLOSE, DROITWICH, WR9 8TX - £296,500

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 WELLAND CLOSE is a midsized detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £360,181. It was last sold for £296,500 in June 2018, which was around 23% below the average June 2018 detached price in the Wychavon local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

8 WELLAND CLOSE Sold Prices

Land registry data shows three sales for 8 WELLAND 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 Wychavon local authority area for the corresponding sale date. All of the three 8 WELLAND 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
2018 6 JUN	£296,500	£383,705	23% below HPI
2002 5 SEP	£165,000	£211,539	22% below HPI
1997 26 MAR	£104,000	£106,994	3% below HPI

8 WELLAND CLOSE 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 8 WELLAND CLOSE sales between March 1997 and June 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 September 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 8 WELLAND CLOSE be worth now?

8 WELLAND CLOSE might now be worth an estimated £360,181.

This is based on house price inflation of 21.5%, between June 2018 and February 2025, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.5% inflationary increase is applied to the most recent sale price for 8 WELLAND CLOSE of £296,500 on 6th June 2018. For the value to have increased from £296,500 to £360,181 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 8 WELLAND CLOSE has moved in line with the HPI for detached houses in the Wychavon local authority area.
• The June 2018 sale price of £296,500 represented a fair market value for the property.
• The size, condition, and specification of 8 WELLAND CLOSE has not materially changed since June 2018.

How Large is 8 WELLAND CLOSE?

8 WELLAND CLOSE is 114m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses houses in Droitwich Spa, based on EPC data. The below chart shows the distribution of detached houses houses by size in Droitwich Spa, and where 8 WELLAND CLOSE lies on this distribution: 45% of detached houses houses are smaller than 8 WELLAND CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Droitwich Spa.

8 WELLAND CLOSE: Plot and Title Map

8 WELLAND CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 8 WELLAND 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 WELLAND 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 WELLAND CLOSE?

8 WELLAND CLOSE is located in DROITWICH, in the WR9 postcode district. The below map shows the position of No. 8 on WELLAND CLOSE.