WELL COTTAGE, CRADLEY, MALVERN, WR13 5NF - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

WELL COTTAGE is a small detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £540,737. It was last sold for £550,000 in October 2022, which was around 24% above the average October 2022 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

WELL COTTAGE Sold Prices

Land registry data shows three sales for WELL COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the three WELL COTTAGE sales were 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
2022 14 OCT	£550,000	£444,914	24% above HPI
2013 9 AUG	£305,000	£281,203	8% above HPI
1999 4 JUN	£140,000	£111,644	25% above HPI

WELL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The three WELL COTTAGE sales between June 1999 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 August 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might WELL COTTAGE be worth now?

WELL COTTAGE might now be worth an estimated £540,737.

This is based on house price deflation of 1.7%, between October 2022 and December 2024, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.7% deflationary decrease is applied to the most recent sale price for WELL COTTAGE of £550,000 on 14th October 2022. For the value to have decreased from £550,000 to £540,737 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of WELL COTTAGE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The October 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of WELL COTTAGE has not materially changed since October 2022.

How Large is WELL COTTAGE?

WELL COTTAGE is 104m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses houses in Cradley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cradley, and where WELL COTTAGE lies on this distribution: 23% of detached houses houses are smaller than WELL COTTAGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Cradley.

WELL COTTAGE: Plot and Title Map

WELL COTTAGE sits on a plot of roughly 0.320 of an acre, or 1,294m². The below map shows the location of WELL COTTAGE, 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 WELL COTTAGE). 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 WELL COTTAGE?

WELL COTTAGE is located in CRADLEY, in the WR13 postcode district. The below map shows the position of WELL COTTAGE in CRADLEY.