THE FIRS, LAURELS ROAD, OFFENHAM, EVESHAM, WR11 8RE - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE FIRS is a very small detached house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £354,034. It was last sold for £365,000 in August 2022, which was around 24% below the average August 2022 detached price in the Wychavon local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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. Both of the two THE FIRS 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 26 AUG	£365,000	£480,554	24% below HPI
2000 19 MAY	£121,000	£149,130	19% below HPI

THE FIRS 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 THE FIRS sales from May 2000 and August 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 May 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £354,034.

This is based on house price deflation of 3%, between August 2022 and February 2025, for detached houses, in the Wychavon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3% deflationary decrease is applied to the most recent sale price for THE FIRS of £365,000 on 26th August 2022. For the value to have decreased from £365,000 to £354,034 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Wychavon local authority area.
• The August 2022 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since August 2022.

How Large is THE FIRS?

THE FIRS is 83m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses houses in Offenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Offenham, and where THE FIRS lies on this distribution: 12% of detached houses houses are smaller than THE FIRS, and 87% of houses are larger. Note that EPC data is not available for all properties in Offenham.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on LAURELS ROAD in OFFENHAM, in the WR11 postcode district. The below map shows the position of THE FIRS on LAURELS ROAD.