1, LOCKYEAR CLOSE, COLWALL, MALVERN, WR13 6NR - £359,950

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.

1 LOCKYEAR CLOSE is a small detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £447,224. It was last sold for £359,950 in June 2020, which was around 3% above the average June 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

1 LOCKYEAR CLOSE Sold Prices

Land registry data shows two sales for 1 LOCKYEAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Both of the two 1 LOCKYEAR CLOSE 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
2020 26 JUN	£359,950	£349,951	3% above HPI
2006 18 SEP	£277,500	£275,355	1% above HPI

1 LOCKYEAR CLOSE 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 two 1 LOCKYEAR CLOSE sales from September 2006 and June 2020 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 September 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 1 LOCKYEAR CLOSE be worth now?

1 LOCKYEAR CLOSE might now be worth an estimated £447,224.

This is based on house price inflation of 24.2%, between June 2020 and June 2025, 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 24.2% inflationary increase is applied to the most recent sale price for 1 LOCKYEAR CLOSE of £359,950 on 26th June 2020. For the value to have increased from £359,950 to £447,224 over the five years to June 2025, the following assumptions must hold true:

• The value of 1 LOCKYEAR CLOSE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The June 2020 sale price of £359,950 represented a fair market value for the property.
• The size, condition, and specification of 1 LOCKYEAR CLOSE has not materially changed since June 2020.

How Large is 1 LOCKYEAR CLOSE?

1 LOCKYEAR CLOSE is 116m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses houses in Colwall Stone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwall Stone, and where 1 LOCKYEAR CLOSE lies on this distribution: 29% of detached houses houses are smaller than 1 LOCKYEAR CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Colwall Stone.

1 LOCKYEAR CLOSE: Plot and Title Map

1 LOCKYEAR CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 1 LOCKYEAR CLOSE, 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 1 LOCKYEAR CLOSE). 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 1 LOCKYEAR CLOSE?

1 LOCKYEAR CLOSE is located in COLWALL, in the WR13 postcode district. The below map shows the position of No. 1 on LOCKYEAR CLOSE.