SPRINGBANK, WORCESTER ROAD, WYCHBOLD, DROITWICH, WR9 7PF - £770,000

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

SPRINGBANK is a very large extended detached house of 241m², built sometime between 1950 and 1966. It was last sold for £770,000 in September 2023, which was around 55% above the average September 2023 detached price in the Wychavon local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

SPRINGBANK Sold Prices

Land registry data shows two sales for SPRINGBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. One of the two SPRINGBANK 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
2023 27 SEP	£770,000	£497,456	55% above HPI
2019 31 OCT	£320,000	£397,235	19% below HPI

SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The two SPRINGBANK sales from October 2019 and September 2023 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 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2023 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 241m², which includes two extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Wychbold, based on EPC data. The below chart shows the distribution of detached houses by size in Wychbold, and where SPRINGBANK lies on this distribution: 98% of detached houses are smaller than SPRINGBANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Wychbold.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.257 of an acre, or 1,039m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located on WORCESTER ROAD in WYCHBOLD, in the WR9 postcode district. The below map shows the position of SPRINGBANK on WORCESTER ROAD.