FAIRWAYS, CHAPEL LANE, CRADLEY, MALVERN, WR13 5HY - £450,000

FAIRWAYS is a large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £450,000 in August 2020, which was around 27% above the average August 2020 detached price in the Herefordshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS sales were for above 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
2020 20 AUG	£450,000	£355,217	27% above HPI
1996 12 AUG	£146,000	£89,846	63% above HPI

FAIRWAYS 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 FAIRWAYS sales from August 1996 and August 2020 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 August 1996 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the August 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 145m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 30% of detached houses in Westfield, based on EPC data. The below chart shows the distribution of detached houses by size in Westfield, and where FAIRWAYS lies on this distribution: 70% of detached houses are smaller than FAIRWAYS, and 30% of houses are larger. Note that EPC data is not available for all properties in Westfield.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.401 of an acre, or 1,624m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on CHAPEL LANE in CRADLEY, in the WR13 postcode district. The below map shows the position of FAIRWAYS on CHAPEL LANE.