IBIZA, WALCOT LANE, DRAKES BROUGHTON, PERSHORE, WR10 2AJ - £240,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

IBIZA is a small extended detached house of 104m², built sometime between 1950 and 1966. It was last sold for £240,000 in May 2015, which was around 28% below the average May 2015 detached price in the Wychavon local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was C.

IBIZA Sold Prices

Land registry data shows two sales for IBIZA 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. Both of the two IBIZA 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
2015 1 MAY	£240,000	£331,194	28% below HPI
2006 20 JUN	£200,000	£305,821	35% below HPI

IBIZA 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 IBIZA sales from June 2006 and May 2015 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 June 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2015 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is IBIZA?

IBIZA is 104m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of detached houses in Drakes Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Drakes Broughton, and where IBIZA lies on this distribution: 35% of detached houses are smaller than IBIZA, and 64% of houses are larger. Note that EPC data is not available for all properties in Drakes Broughton.

IBIZA: Plot and Title Map

IBIZA sits on a plot of roughly 0.149 of an acre, or 601m². The below map shows the location of IBIZA, 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 IBIZA). 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 IBIZA?

IBIZA is located on WALCOT LANE in DRAKES BROUGHTON, in the WR10 postcode district. The below map shows the position of IBIZA on WALCOT LANE.