5, MALVERN CLOSE, WORTHING, BN11 2HE - £425,000

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.

5 MALVERN CLOSE is a large extended terraced house of 147m², built sometime between 1930 and 1949, which could now be worth an estimated £529,520. It was last sold for £425,000 in May 2018, which was around 58% above the average May 2018 terraced price in the Worthing local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

5 MALVERN CLOSE Sold Prices

Land registry data shows three sales for 5 MALVERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Worthing local authority area for the corresponding sale date. Two of the three 5 MALVERN CLOSE sales were for above the average price, whilst one was 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 18 MAY	£425,000	£269,651	58% above HPI
2017 15 JUN	£420,000	£265,575	58% above HPI
2016 18 MAR	£220,000	£252,822	13% below HPI

5 MALVERN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Worthing local authority area over time, sourced from the HPI. The three 5 MALVERN CLOSE sales between March 2016 and May 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 2017 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the May 2018 sale, which was also at 58% above the HPI.

What might 5 MALVERN CLOSE be worth now?

5 MALVERN CLOSE might now be worth an estimated £529,520.

This is based on house price inflation of 24.6%, between May 2018 and June 2025, for terraced houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.6% inflationary increase is applied to the most recent sale price for 5 MALVERN CLOSE of £425,000 on 18th May 2018. For the value to have increased from £425,000 to £529,520 over the six years and eleven months to June 2025, the following assumptions must hold true:

• The value of 5 MALVERN CLOSE has moved in line with the HPI for terraced houses in the Worthing local authority area.
• The May 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MALVERN CLOSE has not materially changed since May 2018.

How Large is 5 MALVERN CLOSE?

5 MALVERN CLOSE is 147m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 30% of terraced houses houses in Worthing, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Worthing, and where 5 MALVERN CLOSE lies on this distribution: 72% of terraced houses houses are smaller than 5 MALVERN CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Worthing.

5 MALVERN CLOSE: Plot and Title Map

5 MALVERN CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 5 MALVERN 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 5 MALVERN 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 5 MALVERN CLOSE?

5 MALVERN CLOSE is located in WORTHING, in the BN11 postcode district. The below map shows the position of No. 5 on MALVERN CLOSE.