OAK BANK, CHAPEL LANE, CRADLEY, MALVERN, WR13 5HX - £318,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OAK BANK is a midsized detached house of 109m², built sometime between 1967 and 1975. It was last sold for £318,000 in July 2014, which was around 12% above the average July 2014 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

OAK BANK Sold Prices

Land registry data shows two sales for OAK BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Both of the two OAK BANK 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
2014 10 JUL	£318,000	£283,920	12% above HPI
2000 11 AUG	£189,500	£136,051	39% above HPI

OAK BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The two OAK BANK sales from August 2000 and July 2014 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 August 2000 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the July 2014 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is OAK BANK?

OAK BANK is 109m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% of detached houses in Westfield, based on EPC data. The below chart shows the distribution of detached houses by size in Westfield, and where OAK BANK lies on this distribution: 40% of detached houses are smaller than OAK BANK, and 60% of houses are larger. Note that EPC data is not available for all properties in Westfield.

OAK BANK: Plot and Title Map

OAK BANK sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of OAK BANK, 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 OAK BANK). 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 OAK BANK?

OAK BANK is located on CHAPEL LANE in CRADLEY, in the WR13 postcode district. The below map shows the position of OAK BANK on CHAPEL LANE.