BRIARS, TAVERN LANE, NEWNHAM BRIDGE, TENBURY WELLS, WR15 8LR - £350,000

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

BRIARS is a midsized detached house of 156m², built sometime between 1967 and 1975. It was last sold for £350,000 in January 2018, which was around 1% below the average January 2018 detached price in the Malvern Hills local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

BRIARS Sold Prices

Land registry data shows three sales for BRIARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. The three BRIARS sales were a mix of below the average price, roughly equal to the average price, and above 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 22 JAN	£350,000	£354,847	1% below HPI
2004 4 AUG	£280,000	£272,365	3% above HPI
1998 29 MAY	£112,000	£112,397	Close to HPI

BRIARS 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 three BRIARS sales between May 1998 and January 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 August 2004 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the January 2018 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is BRIARS?

BRIARS is 156m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% of detached houses in Newnham Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Newnham Bridge, and where BRIARS lies on this distribution: 48% of detached houses are smaller than BRIARS, and 52% of houses are larger. Note that EPC data is not available for all properties in Newnham Bridge.

BRIARS: Plot and Title Map

BRIARS sits on a plot of roughly 0.357 of an acre, or 1,447m². The below map shows the location of BRIARS, 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 BRIARS). 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 BRIARS?

BRIARS is located on TAVERN LANE in NEWNHAM BRIDGE, in the WR15 postcode district. The below map shows the position of BRIARS on TAVERN LANE.