15, GRIT LANE, MALVERN, WR14 1UR - £415,000

15 GRIT LANE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £415,000 in November 2021, which was around 2% below the average November 2021 detached price in the Malvern Hills local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

15 GRIT LANE Sold Prices

Land registry data shows three sales for 15 GRIT LANE 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. All of the three 15 GRIT LANE 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
2021 19 NOV	£415,000	£421,409	2% below HPI
2021 2 JUN	£290,000	£423,817	32% below HPI
1999 12 AUG	£85,000	£126,427	33% below HPI

15 GRIT LANE 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 15 GRIT LANE sales between August 1999 and November 2021 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 2021 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 15 GRIT LANE?

15 GRIT LANE is 77m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 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 15 GRIT LANE lies on this distribution: 12% of detached houses are smaller than 15 GRIT LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

15 GRIT LANE: Plot and Title Map

15 GRIT LANE sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of 15 GRIT LANE, 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 15 GRIT LANE). 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 15 GRIT LANE?

15 GRIT LANE is located in MALVERN, in the WR14 postcode district. The below map shows the position of No. 15 on GRIT LANE.