9, NEASON CLOSE, WORCESTER, WR4 0PX - £215,000

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.

9 NEASON CLOSE is a very small detached house of 70m², built sometime between 1991 and 1995, which could now be worth an estimated £279,944. It was last sold for £215,000 in October 2017, which was around 34% below the average October 2017 detached price in the Worcester local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

9 NEASON CLOSE Sold Prices

Land registry data shows three sales for 9 NEASON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three 9 NEASON 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
2017 6 OCT	£215,000	£324,585	34% below HPI
1998 26 MAR	£69,000	£93,452	26% below HPI
1998 27 FEB	£75,000	£93,596	20% below HPI

9 NEASON 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 three 9 NEASON CLOSE sales between February 1998 and October 2017 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 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2017 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 9 NEASON CLOSE be worth now?

9 NEASON CLOSE might now be worth an estimated £279,944.

This is based on house price inflation of 30.2%, between October 2017 and May 2026, 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 30.2% inflationary increase is applied to the most recent sale price for 9 NEASON CLOSE of £215,000 on 6th October 2017. For the value to have increased from £215,000 to £279,944 over the nine years and five months to May 2026, the following assumptions must hold true:

• The value of 9 NEASON CLOSE has moved in line with the HPI for detached houses in the Worcester local authority area.
• The October 2017 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 9 NEASON CLOSE has not materially changed since October 2017.

How Large is 9 NEASON CLOSE?

9 NEASON CLOSE is 70m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% 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 9 NEASON CLOSE lies on this distribution: 6% of detached houses houses are smaller than 9 NEASON CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Worcester.

9 NEASON CLOSE: Plot and Title Map

9 NEASON CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 9 NEASON 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 9 NEASON 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 9 NEASON CLOSE?

9 NEASON CLOSE is located in WORCESTER, in the WR4 postcode district. The below map shows the position of No. 9 on NEASON CLOSE.