8, OTLEY CLOSE, WORCESTER, WR4 0BJ - £278,000

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.

8 OTLEY CLOSE is a very large extended detached house of 156m², built sometime between 1983 and 1990, which could now be worth an estimated £380,423. It was last sold for £278,000 in November 2015, which was around 6% below the average November 2015 detached price in the Worcester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

8 OTLEY CLOSE Sold Prices

Land registry data shows four sales for 8 OTLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the four 8 OTLEY 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
2015 27 NOV	£278,000	£295,459	6% below HPI
2015 19 MAR	£202,000	£280,703	28% below HPI
2002 28 MAR	£125,000	£159,456	22% below HPI
1998 22 JUN	£73,500	£97,578	25% below HPI

8 OTLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The four 8 OTLEY CLOSE sales between June 1998 and November 2015 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 March 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2015 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 8 OTLEY CLOSE be worth now?

8 OTLEY CLOSE might now be worth an estimated £380,423.

This is based on house price inflation of 36.8%, between November 2015 and March 2025, for detached houses, in the Worcester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.8% inflationary increase is applied to the most recent sale price for 8 OTLEY CLOSE of £278,000 on 27th November 2015. For the value to have increased from £278,000 to £380,423 over the ten years and eight months to March 2025, the following assumptions must hold true:

• The value of 8 OTLEY CLOSE has moved in line with the HPI for detached houses in the Worcester local authority area.
• The November 2015 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OTLEY CLOSE has not materially changed since November 2015.

How Large is 8 OTLEY CLOSE?

8 OTLEY CLOSE is 156m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worcester, and where 8 OTLEY CLOSE lies on this distribution: 85% of detached houses houses are smaller than 8 OTLEY CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Worcester.

8 OTLEY CLOSE: Plot and Title Map

8 OTLEY CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 8 OTLEY 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 8 OTLEY 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 8 OTLEY CLOSE?

8 OTLEY CLOSE is located in WORCESTER, in the WR4 postcode district. The below map shows the position of No. 8 on OTLEY CLOSE.