PARK COTTAGE, PARK LANE, HALLOW, WORCESTER, WR2 6PQ - £520,000

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

PARK COTTAGE is a very large extended detached house of 179m², built sometime before 1900. It was last sold for £520,000 in March 2021, which was around 33% above the average March 2021 detached price in the Malvern Hills local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

PARK COTTAGE Sold Prices

Land registry data shows three sales for PARK COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. Two of the three PARK COTTAGE sales were for above the average price, whilst one 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
2021 3 MAR	£520,000	£391,590	33% above HPI
2003 14 OCT	£284,000	£242,886	17% above HPI
2002 28 MAR	£170,000	£172,098	1% below HPI

PARK 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 three PARK COTTAGE sales between March 2002 and March 2021 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 October 2003 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the March 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is PARK COTTAGE?

PARK COTTAGE is 179m², which includes three extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses in Hallow, based on EPC data. The below chart shows the distribution of detached houses by size in Hallow, and where PARK COTTAGE lies on this distribution: 82% of detached houses are smaller than PARK COTTAGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Hallow.

PARK COTTAGE: Plot and Title Map

PARK COTTAGE sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of PARK 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 PARK 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 PARK COTTAGE?

PARK COTTAGE is located on PARK LANE in HALLOW, in the WR2 postcode district. The below map shows the position of PARK COTTAGE on PARK LANE.