OAK BANK, LEIGH, WORCESTER, WR6 5LD - £510,000

OAK BANK is a small detached house of 116m², built sometime between 1983 and 1990. It was last sold for £510,000 in August 2022, which was around 12% above the average August 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

OAK BANK Sold Prices

Land registry data shows two sales for OAK BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Malvern Hills local authority area for the corresponding sale date. One of the two OAK BANK sales was for above the average price, whilst the other 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
2022 3 AUG	£510,000	£457,338	12% above HPI
2014 17 JUL	£235,000	£309,832	24% below HPI

OAK BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Malvern Hills local authority area over time, sourced from the HPI. The two OAK BANK sales from July 2014 and August 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 July 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is OAK BANK?

OAK BANK is 116m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Bransford, based on EPC data. The below chart shows the distribution of detached houses by size in Bransford, and where OAK BANK lies on this distribution: 20% of detached houses are smaller than OAK BANK, and 80% of houses are larger. Note that EPC data is not available for all properties in Bransford.

OAK BANK: Plot and Title Map

OAK BANK sits on a plot of roughly 0.216 of an acre, or 874m². The below map shows the location of OAK BANK, 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 OAK BANK). 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 OAK BANK?

OAK BANK is located in LEIGH, in the WR6 postcode district. The below map shows the position of OAK BANK in LEIGH.