FAIRWAYS, WORCESTER ROAD, HANLEY SWAN, WORCESTER, WR8 0EA - £240,000

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

FAIRWAYS is a very small extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £240,000 in August 2012, which was around 19% below the average August 2012 detached price in the Malvern Hills local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS sales were for below 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
2012 28 AUG	£240,000	£294,555	19% below HPI
2001 27 APR	£145,000	£153,020	5% below HPI

FAIRWAYS 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 FAIRWAYS sales from April 2001 and August 2012 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 April 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2012 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 95m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Hanley Swan, based on EPC data. The below chart shows the distribution of detached houses by size in Hanley Swan, and where FAIRWAYS lies on this distribution: 5% of detached houses are smaller than FAIRWAYS, and 95% of houses are larger. Note that EPC data is not available for all properties in Hanley Swan.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on WORCESTER ROAD in HANLEY SWAN, in the WR8 postcode district. The below map shows the position of FAIRWAYS on WORCESTER ROAD.