HEATHER BANK, TAVERN LANE, NEWNHAM BRIDGE, TENBURY WELLS, WR15 8LR - £244,950

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.

HEATHER BANK is a very small detached house of 67m², built sometime between 1976 and 1982, which could now be worth an estimated £314,280. It was last sold for £244,950 in December 2019, which was around 38% below the average December 2019 detached price in the Malvern Hills local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

HEATHER BANK Sold Prices

Land registry data shows two sales for HEATHER 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 HEATHER BANK 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
2019 17 DEC	£244,950	£392,769	38% below HPI
2017 8 SEP	£200,000	£377,360	47% below HPI

HEATHER 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 HEATHER BANK sales from September 2017 and December 2019 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 September 2017 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might HEATHER BANK be worth now?

HEATHER BANK might now be worth an estimated £314,280.

This is based on house price inflation of 28.3%, between December 2019 and February 2025, for detached houses, in the Malvern Hills local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.3% inflationary increase is applied to the most recent sale price for HEATHER BANK of £244,950 on 17th December 2019. For the value to have increased from £244,950 to £314,280 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of HEATHER BANK has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The December 2019 sale price of £244,950 represented a fair market value for the property.
• The size, condition, and specification of HEATHER BANK has not materially changed since December 2019.

How Large is HEATHER BANK?

HEATHER BANK is 67m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Newnham Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newnham Bridge, and where HEATHER BANK lies on this distribution: 4% of detached houses houses are smaller than HEATHER BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in Newnham Bridge.

HEATHER BANK: Plot and Title Map

HEATHER BANK sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of HEATHER 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 HEATHER 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 HEATHER BANK?

HEATHER BANK is located on TAVERN LANE in NEWNHAM BRIDGE, in the WR15 postcode district. The below map shows the position of HEATHER BANK on TAVERN LANE.