IVERNIA, PEACHLEY LANE, LOWER BROADHEATH, WORCESTER, WR2 6QR - £480,000

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

IVERNIA is a very small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £480,000 in September 2020, which was around 28% above the average September 2020 detached price in the Malvern Hills local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

IVERNIA Sold Prices

Land registry data shows two sales for IVERNIA 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. One of the two IVERNIA sales was for above the average price, whilst the other was 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
2020 22 SEP	£480,000	£373,616	28% above HPI
2019 26 FEB	£328,000	£367,138	11% below HPI

IVERNIA 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 IVERNIA sales from February 2019 and September 2020 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 February 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2020 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is IVERNIA?

IVERNIA is 90m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 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 IVERNIA lies on this distribution: 18% of detached houses are smaller than IVERNIA, and 82% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

IVERNIA: Plot and Title Map

IVERNIA sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of IVERNIA, 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 IVERNIA). 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 IVERNIA?

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