FORGE COTTAGE, BELL LANE, LOWER BROADHEATH, WORCESTER, WR2 6RR - £460,000

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

FORGE COTTAGE is a midsized extended detached house of 122m², built sometime before 1900. It was last sold for £460,000 in April 2021, which was around 16% above the average April 2021 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2013, where the current energy rating was F, and the potential energy rating was D.

FORGE COTTAGE Sold Prices

Land registry data shows two sales for FORGE COTTAGE 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 FORGE COTTAGE 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
2021 15 APR	£460,000	£395,156	16% above HPI
1999 25 AUG	£190,000	£126,427	50% above HPI

FORGE COTTAGE 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 FORGE COTTAGE sales from August 1999 and April 2021 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 August 1999 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the April 2021 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 122m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the smallest 50% 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 FORGE COTTAGE lies on this distribution: 40% of detached houses are smaller than FORGE COTTAGE, and 58% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.281 of an acre, or 1,139m². The below map shows the location of FORGE COTTAGE, 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 FORGE COTTAGE). 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 FORGE COTTAGE?

FORGE COTTAGE is located on BELL LANE in LOWER BROADHEATH, in the WR2 postcode district. The below map shows the position of FORGE COTTAGE on BELL LANE.