THE STEPS, FOLEY TERRACE, MALVERN, WR14 4RQ - £650,000

THE STEPS is a very large extended detached house of 246m², built sometime between 1930 and 1949. It was last sold for £650,000 in January 2022, which was around 50% above the average January 2022 detached price in the Malvern Hills local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

THE STEPS Sold Prices

Land registry data shows two sales for THE STEPS 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. Both of the two THE STEPS 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
2022 21 JAN	£650,000	£433,981	50% above HPI
2016 20 MAY	£490,000	£328,578	49% above HPI

THE STEPS 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 THE STEPS sales from May 2016 and January 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 May 2016 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the January 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is THE STEPS?

THE STEPS is 246m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses in Great Malvern, based on EPC data. The below chart shows the distribution of detached houses by size in Great Malvern, and where THE STEPS lies on this distribution: 96% of detached houses are smaller than THE STEPS, and 4% of houses are larger. Note that EPC data is not available for all properties in Great Malvern.

THE STEPS: Plot and Title Map

THE STEPS sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of THE STEPS, 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 THE STEPS). 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 THE STEPS?

THE STEPS is located on FOLEY TERRACE in MALVERN, in the WR14 postcode district. The below map shows the position of THE STEPS on FOLEY TERRACE.