THE NEW HOUSE, SPRING LANE, MALVERN, WR14 1AJ - £347,500

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

THE NEW HOUSE is a very large extended detached house of 160m², built sometime between 1983 and 1990. It was last sold for £347,500 in October 2019, which was around 6% below the average October 2019 detached price in the Malvern Hills local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

THE NEW HOUSE Sold Prices

Land registry data shows three sales for THE NEW HOUSE 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 THE NEW HOUSE sales were for below the average price, whilst one was 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
2019 29 OCT	£347,500	£371,419	6% below HPI
2015 23 OCT	£246,000	£325,916	25% below HPI
1998 10 JUL	£120,000	£113,137	6% above HPI

THE NEW HOUSE 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 NEW HOUSE sales between July 1998 and October 2019 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 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 160m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses in Great Malvern, based on EPC data. The below chart shows the distribution of detached houses by size in Great Malvern, and where THE NEW HOUSE lies on this distribution: 82% of detached houses are smaller than THE NEW HOUSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of THE NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

THE NEW HOUSE is located on SPRING LANE in MALVERN, in the WR14 postcode district. The below map shows the position of THE NEW HOUSE on SPRING LANE.