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

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

HEATHER BANK is a very small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £244,950 in December 2019, which was around 34% 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	£369,800	34% below HPI
2017 8 SEP	£200,000	£355,293	44% 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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2019 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

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 in Newnham Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Newnham Bridge, and where HEATHER BANK lies on this distribution: Less than 1% of detached houses are smaller than HEATHER BANK, and more than 99% 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 0.145 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.