THE BUNGALOW, SAILORS BANK, LOWER BROADHEATH, WORCESTER, WR2 6QT - £370,000

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

THE BUNGALOW is a very small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £370,000 in October 2022, which was around 20% below the average October 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

THE BUNGALOW Sold Prices

Land registry data shows three sales for THE BUNGALOW 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. All of the three THE BUNGALOW sales were 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
2022 7 OCT	£370,000	£459,833	20% below HPI
2020 28 OCT	£200,000	£382,924	48% below HPI
2016 4 JAN	£285,000	£331,380	14% below HPI

THE BUNGALOW 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 THE BUNGALOW sales between January 2016 and October 2022 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 2020 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 86m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Lower Broadheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Broadheath, and where THE BUNGALOW lies on this distribution: 15% of detached houses are smaller than THE BUNGALOW, and 85% of houses are larger. Note that EPC data is not available for all properties in Lower Broadheath.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on SAILORS BANK in LOWER BROADHEATH, in the WR2 postcode district. The below map shows the position of THE BUNGALOW on SAILORS BANK.