CARICE, CROWN EAST LANE, LOWER BROADHEATH, WORCESTER, WR2 6RH - £515,000

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.

CARICE is a small detached house of 121m², built sometime between 2003 and 2006, which could now be worth an estimated £576,643. It was last sold for £515,000 in February 2022, which was around 16% above the average February 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

CARICE Sold Prices

Land registry data shows two sales for CARICE 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 CARICE sales were for 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
2022 18 FEB	£515,000	£444,591	16% above HPI
2016 20 SEP	£385,000	£355,305	8% above HPI

CARICE 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 CARICE sales from September 2016 and February 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 September 2016 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might CARICE be worth now?

CARICE might now be worth an estimated £576,643.

This is based on house price inflation of 12%, between February 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 12% inflationary increase is applied to the most recent sale price for CARICE of £515,000 on 18th February 2022. For the value to have increased from £515,000 to £576,643 over the two years and eleven months to March 2025, the following assumptions must hold true:

• The value of CARICE has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The February 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of CARICE has not materially changed since February 2022.

How Large is CARICE?

CARICE is 121m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% of detached houses houses in Lower Broadheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Broadheath, and where CARICE lies on this distribution: 39% of detached houses houses are smaller than CARICE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

CARICE: Plot and Title Map

CARICE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of CARICE, 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 CARICE). 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 CARICE?

CARICE is located on CROWN EAST LANE in LOWER BROADHEATH, in the WR2 postcode district. The below map shows the position of CARICE on CROWN EAST LANE.