LORNESIDE, MARTLEY ROAD, LOWER BROADHEATH, WORCESTER, WR2 6RG - £415,000

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

LORNESIDE is a large detached house of 141m², built sometime between 2003 and 2006. It was last sold for £415,000 in October 2018, which was around 9% above the average October 2018 detached price in the Malvern Hills local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was C.

LORNESIDE Sold Prices

Land registry data shows two sales for LORNESIDE 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 LORNESIDE sales were for above 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
2018 31 OCT	£415,000	£380,884	9% above HPI
2018 9 MAY	£410,000	£357,566	15% above HPI

LORNESIDE 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 LORNESIDE sales from May 2018 and October 2018 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 May 2018 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2018 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is LORNESIDE?

LORNESIDE is 141m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where LORNESIDE lies on this distribution: 79% of detached houses are smaller than LORNESIDE, and 21% of houses are larger. Note that EPC data is not available for all properties in Worcester.

LORNESIDE: Plot and Title Map

LORNESIDE sits on a plot of roughly 0.374 of an acre, or 1,513m². The below map shows the location of LORNESIDE, 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 LORNESIDE). 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 LORNESIDE?

LORNESIDE is located on MARTLEY ROAD in LOWER BROADHEATH, in the WR2 postcode district. The below map shows the position of LORNESIDE on MARTLEY ROAD.