GROSMONT, IVY LANE, FERNHILL HEATH, WORCESTER, WR3 8RW - £350,000

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.

GROSMONT is a small detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £434,262. It was last sold for £350,000 in January 2018, which was around 7% below the average January 2018 detached price in the Wychavon local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

GROSMONT Sold Prices

Land registry data shows two sales for GROSMONT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. One of the two GROSMONT sales was for below the average price, whilst the other was 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
2018 10 JAN	£350,000	£375,673	7% below HPI
1999 29 JAN	£135,950	£126,402	8% above HPI

GROSMONT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The two GROSMONT sales from January 1999 and January 2018 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 January 1999 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2018 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might GROSMONT be worth now?

GROSMONT might now be worth an estimated £434,262.

This is based on house price inflation of 24.1%, between January 2018 and February 2025, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for GROSMONT of £350,000 on 10th January 2018. For the value to have increased from £350,000 to £434,262 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of GROSMONT has moved in line with the HPI for detached houses in the Wychavon local authority area.
• The January 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of GROSMONT has not materially changed since January 2018.

How Large is GROSMONT?

GROSMONT is 104m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Fernhill Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fernhill Heath, and where GROSMONT lies on this distribution: 26% of detached houses houses are smaller than GROSMONT, and 73% of houses are larger. Note that EPC data is not available for all properties in Fernhill Heath.

GROSMONT: Plot and Title Map

GROSMONT sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of GROSMONT, 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 GROSMONT). 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 GROSMONT?

GROSMONT is located on IVY LANE in FERNHILL HEATH, in the WR3 postcode district. The below map shows the position of GROSMONT on IVY LANE.