THE SMITHY, MARTLEY, WORCESTER, WR6 6QA - £275,000

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 SMITHY is a midsized extended detached house of 127m², built sometime before 1900, which could now be worth an estimated £418,107. It was last sold for £275,000 in October 2014, which was around 16% below the average October 2014 detached price in the Malvern Hills local authority area. The most recent EPC inspection was November 2009, where the current energy rating was G, and the potential energy rating was G.

THE SMITHY Sold Prices

Land registry data shows four sales for THE SMITHY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. The four THE SMITHY sales were a mix of below the average price, and roughly equal to 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
2014 17 OCT	£275,000	£327,420	16% below HPI
2011 21 JUN	£275,000	£310,089	11% below HPI
2006 21 JUN	£256,000	£300,909	15% below HPI
2005 26 AUG	£292,500	£291,306	Close to HPI

THE SMITHY 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 four THE SMITHY sales between August 2005 and October 2014 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 June 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2014 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might THE SMITHY be worth now?

THE SMITHY might now be worth an estimated £418,107.

This is based on house price inflation of 52%, between October 2014 and March 2025, for detached houses, in the Malvern Hills local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52% inflationary increase is applied to the most recent sale price for THE SMITHY of £275,000 on 17th October 2014. For the value to have increased from £275,000 to £418,107 over the eleven years and seven months to March 2025, the following assumptions must hold true:

• The value of THE SMITHY has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The October 2014 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of THE SMITHY has not materially changed since October 2014.

How Large is THE SMITHY?

THE SMITHY is 127m², which includes one extension, according to the EPC inspection conducted in November 2009. This puts it in the smallest 50% of detached houses houses in Martley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martley, and where THE SMITHY lies on this distribution: 42% of detached houses houses are smaller than THE SMITHY, and 58% of houses are larger. Note that EPC data is not available for all properties in Martley.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of THE SMITHY, 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 SMITHY). 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 SMITHY?

THE SMITHY is located in MARTLEY, in the WR6 postcode district. The below map shows the position of THE SMITHY in MARTLEY.