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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ELMS BANK is a large detached house of 200m², built sometime between 1930 and 1949. It was last sold for £325,000 in April 2010, which was around 18% 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	£276,391	18% above HPI
2007 4 MAY	£385,000	£293,980	31% 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2010 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

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 in Lower Broadheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Broadheath, and where ELMS BANK lies on this distribution: 79% of detached 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.