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

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.

IVERNIA is a very small extended detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £609,569. It was last sold for £480,000 in September 2020, which was around 21% 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	£396,822	21% above HPI
2019 26 FEB	£328,000	£389,941	16% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2020 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might IVERNIA be worth now?

IVERNIA might now be worth an estimated £609,569.

This is based on house price inflation of 27%, between September 2020 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 27% inflationary increase is applied to the most recent sale price for IVERNIA of £480,000 on 22nd September 2020. For the value to have increased from £480,000 to £609,569 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of IVERNIA has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The September 2020 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of IVERNIA has not materially changed since September 2020.

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 houses in Lower Broadheath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Broadheath, and where IVERNIA lies on this distribution: 18% of detached houses 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.