ELMS BANK, SAILORS BANK, LOWER BROADHEATH, WORCESTER, WR2 6QT - £325,000

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.

ELMS BANK is a large detached house of 200m², built sometime between 1930 and 1949, which could now be worth an estimated £557,913. It was last sold for £325,000 in April 2010, which was around 11% above the average April 2010 detached price in the Malvern Hills local authority area. The most recent EPC inspection was November 2009, where the current energy rating was F, and the potential energy rating was E.

ELMS BANK Sold Prices

Land registry data shows two sales for ELMS BANK 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 ELMS BANK 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
2010 30 APR	£325,000	£293,558	11% above HPI
2007 4 MAY	£385,000	£312,240	23% above HPI

ELMS BANK 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 ELMS BANK sales from May 2007 and April 2010 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 May 2007 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2010 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might ELMS BANK be worth now?

ELMS BANK might now be worth an estimated £557,913.

This is based on house price inflation of 71.7%, between April 2010 and February 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 71.7% inflationary increase is applied to the most recent sale price for ELMS BANK of £325,000 on 30th April 2010. For the value to have increased from £325,000 to £557,913 over the fifteen years and two months to February 2025, the following assumptions must hold true:

• The value of ELMS BANK has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The April 2010 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of ELMS BANK has not materially changed since April 2010.

How Large is ELMS BANK?

ELMS BANK is 200m² according to the EPC inspection conducted in November 2009. This puts it in the largest 30% 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 ELMS BANK lies on this distribution: 79% of detached houses houses are smaller than ELMS BANK, and 21% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

ELMS BANK: Plot and Title Map

ELMS BANK sits on a plot of roughly 0.266 of an acre, or 1,078m². The below map shows the location of ELMS BANK, 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 ELMS BANK). 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 ELMS BANK?

ELMS BANK is located on SAILORS BANK in LOWER BROADHEATH, in the WR2 postcode district. The below map shows the position of ELMS BANK on SAILORS BANK.