2, MALUS CLOSE, MALVERN, WR14 2WD - £309,400

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.

2 MALUS CLOSE is a large extended detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £402,527. It was last sold for £309,400 in July 2018, which was around 17% below the average July 2018 detached price in the Malvern Hills local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

2 MALUS CLOSE Sold Prices

Land registry data shows two sales for 2 MALUS 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 Malvern Hills local authority area for the corresponding sale date. Both of the two 2 MALUS CLOSE 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
2018 16 JUL	£309,400	£373,610	17% below HPI
1998 30 JUN	£116,500	£122,259	5% below HPI

2 MALUS CLOSE 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 two 2 MALUS CLOSE sales from June 1998 and July 2018 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 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 MALUS CLOSE be worth now?

2 MALUS CLOSE might now be worth an estimated £402,527.

This is based on house price inflation of 30.1%, between July 2018 and May 2026, 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 30.1% inflationary increase is applied to the most recent sale price for 2 MALUS CLOSE of £309,400 on 16th July 2018. For the value to have increased from £309,400 to £402,527 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 2 MALUS CLOSE has moved in line with the HPI for detached houses in the Malvern Hills local authority area.
• The July 2018 sale price of £309,400 represented a fair market value for the property.
• The size, condition, and specification of 2 MALUS CLOSE has not materially changed since July 2018.

How Large is 2 MALUS CLOSE?

2 MALUS CLOSE is 130m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses houses in Great Malvern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Malvern, and where 2 MALUS CLOSE lies on this distribution: 65% of detached houses houses are smaller than 2 MALUS CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

2 MALUS CLOSE: Plot and Title Map

2 MALUS CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 2 MALUS 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 2 MALUS 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 2 MALUS CLOSE?

2 MALUS CLOSE is located in MALVERN, in the WR14 postcode district. The below map shows the position of No. 2 on MALUS CLOSE.