9, GAINSBOROUGH CLOSE, WELLAND, MALVERN, WR13 6SH - £362,500

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.

9 GAINSBOROUGH CLOSE is a small extended detached house of 99m², built sometime between 1983 and 1990, which could now be worth an estimated £374,460. It was last sold for £362,500 in September 2022, which was around 25% below the average September 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

9 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 9 GAINSBOROUGH 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 9 GAINSBOROUGH 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
2022 2 SEP	£362,500	£481,907	25% below HPI
2014 5 DEC	£210,000	£311,909	33% below HPI

9 GAINSBOROUGH 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 9 GAINSBOROUGH CLOSE sales from December 2014 and September 2022 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 December 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 9 GAINSBOROUGH CLOSE be worth now?

9 GAINSBOROUGH CLOSE might now be worth an estimated £374,460.

This is based on house price inflation of 3.3%, between September 2022 and March 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 3.3% inflationary increase is applied to the most recent sale price for 9 GAINSBOROUGH CLOSE of £362,500 on 2nd September 2022. For the value to have increased from £362,500 to £374,460 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 9 GAINSBOROUGH CLOSE has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The September 2022 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 9 GAINSBOROUGH CLOSE has not materially changed since September 2022.

How Large is 9 GAINSBOROUGH CLOSE?

9 GAINSBOROUGH CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses houses in Welland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welland, and where 9 GAINSBOROUGH CLOSE lies on this distribution: 24% of detached houses houses are smaller than 9 GAINSBOROUGH CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Welland.

9 GAINSBOROUGH CLOSE: Plot and Title Map

9 GAINSBOROUGH CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 9 GAINSBOROUGH 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 9 GAINSBOROUGH 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 9 GAINSBOROUGH CLOSE?

9 GAINSBOROUGH CLOSE is located in WELLAND, in the WR13 postcode district. The below map shows the position of No. 9 on GAINSBOROUGH CLOSE.