7, OLD SCHOOL CLOSE, CRADLEY, MALVERN, WR13 5AL - £330,000

7 OLD SCHOOL CLOSE is a very small detached house of 81m², built sometime from 2007 onwards. It was last sold for £330,000 in November 2022, which was around 26% below the average November 2022 detached price in the Herefordshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 7 OLD SCHOOL 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 7 OLD SCHOOL 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
2022 17 NOV	£330,000	£444,212	26% below HPI
2009 23 DEC	£229,500	£263,856	13% below HPI

7 OLD SCHOOL 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 7 OLD SCHOOL CLOSE sales from December 2009 and November 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 December 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 7 OLD SCHOOL CLOSE?

7 OLD SCHOOL CLOSE is 81m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in Cradley, based on EPC data. The below chart shows the distribution of detached houses by size in Cradley, and where 7 OLD SCHOOL CLOSE lies on this distribution: 17% of detached houses are smaller than 7 OLD SCHOOL CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Cradley.

7 OLD SCHOOL CLOSE: Plot and Title Map

7 OLD SCHOOL CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 7 OLD SCHOOL 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 7 OLD SCHOOL 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 7 OLD SCHOOL CLOSE?

7 OLD SCHOOL CLOSE is located in CRADLEY, in the WR13 postcode district. The below map shows the position of No. 7 on OLD SCHOOL CLOSE.