MAY COTTAGE, DRAKE STREET, WELLAND, MALVERN, WR13 6LP - £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

MAY COTTAGE is a very large extended detached house of 238m², built sometime before 1900. It was last sold for £415,000 in August 2004, which was around 52% above the average August 2004 detached price in the Malvern Hills local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

MAY COTTAGE Sold Prices

Land registry data shows two sales for MAY COTTAGE 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 MAY COTTAGE 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
2004 27 AUG	£415,000	£272,365	52% above HPI
1999 30 APR	£152,000	£117,642	29% above HPI

MAY COTTAGE 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 MAY COTTAGE sales from April 1999 and August 2004 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 April 1999 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2004 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 238m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of detached houses in Welland, based on EPC data. The below chart shows the distribution of detached houses by size in Welland, and where MAY COTTAGE lies on this distribution: 92% of detached houses are smaller than MAY COTTAGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Welland.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.355 of an acre, or 1,437m². The below map shows the location of MAY COTTAGE, 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 MAY COTTAGE). 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 MAY COTTAGE?

MAY COTTAGE is located on DRAKE STREET in WELLAND, in the WR13 postcode district. The below map shows the position of MAY COTTAGE on DRAKE STREET.