GREENACRES, BELL LANE, LOWER BROADHEATH, WORCESTER, WR2 6RR - £570,000

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

GREENACRES is a very large extended detached house of 226m², built sometime between 1930 and 1949. It was last sold for £570,000 in May 2017, which was around 65% above the average May 2017 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

GREENACRES Sold Prices

Land registry data shows five sales for GREENACRES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. All of the five GREENACRES 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
2017 31 MAY	£570,000	£345,563	65% above HPI
2015 23 JUL	£600,000	£313,207	92% above HPI
2008 6 MAR	£675,000	£295,978	128% above HPI
2004 1 SEP	£552,000	£273,972	101% above HPI
1997 22 JUL	£185,000	£106,483	74% above HPI

GREENACRES 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 five GREENACRES sales between July 1997 and May 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 July 2015 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the May 2017 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is GREENACRES?

GREENACRES is 226m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% 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 GREENACRES lies on this distribution: 86% of detached houses are smaller than GREENACRES, and 12% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.601 of an acre, or 2,430m². The below map shows the location of GREENACRES, 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 GREENACRES). 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 GREENACRES?

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