COLSTEPH, CORNMEADOW LANE, WORCESTER, WR3 7PW - £300,000

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.

COLSTEPH is a very small detached house of 70m², built sometime between 1930 and 1949, which could now be worth an estimated £393,140. It was last sold for £300,000 in July 2017, which was around 7% below the average July 2017 detached price in the Worcester local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was D.

COLSTEPH Sold Prices

Land registry data shows three sales for COLSTEPH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. The three COLSTEPH sales were a mix of below the average price, and roughly equal to 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
2017 20 JUL	£300,000	£321,841	7% below HPI
2006 22 NOV	£265,000	£265,368	Close to HPI
2003 15 AUG	£157,000	£204,603	23% below HPI

COLSTEPH 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 three COLSTEPH sales between August 2003 and July 2017 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 November 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2017 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might COLSTEPH be worth now?

COLSTEPH might now be worth an estimated £393,140.

This is based on house price inflation of 31%, between July 2017 and February 2025, for detached houses, in the Worcester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31% inflationary increase is applied to the most recent sale price for COLSTEPH of £300,000 on 20th July 2017. For the value to have increased from £300,000 to £393,140 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of COLSTEPH has moved in line with the HPI for detached houses in the Worcester local authority area.
• The July 2017 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of COLSTEPH has not materially changed since July 2017.

How Large is COLSTEPH?

COLSTEPH is 70m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of detached houses houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worcester, and where COLSTEPH lies on this distribution: 7% of detached houses houses are smaller than COLSTEPH, and 93% of houses are larger. Note that EPC data is not available for all properties in Worcester.

COLSTEPH: Plot and Title Map

COLSTEPH sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of COLSTEPH, 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 COLSTEPH). 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 COLSTEPH?

COLSTEPH is located on CORNMEADOW LANE in WORCESTER, in the WR3 postcode district. The below map shows the position of COLSTEPH on CORNMEADOW LANE.