The average property value in Malvern Hills is £354,471 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Malvern Hills grew by £39,054. Compare house prices by area
Average property prices in Malvern Hills grew by 12.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.6% per year.
If prices in Malvern Hills continue to rise by 3.6% a year, the average property price will be £408,831 in 2025.
There were 1,193 property sales in Malvern Hills in the year ending June 2021, an increase of 124 when compared to the previous year.
The average price for a house in Malvern Hills ranges from £242,036 for a terraced house to £440,614 for a detached house, with semi-detached in between costing on average £291,830.
The average price for a flat or maisonette in Malvern Hills is £186,876.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Malvern Hills, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 32.2% from £333,351 to £440,614, semi-detached house prices have risen 49.9% from £194,718 to £291,830, terraced house prices have risen 44.9% from £166,993 to £242,036, and flat prices have risen 29.8% from £144,015 to £186,876.
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The most common type of property sold in Malvern Hills during the year ending June 2021 was detached houses, which accounted for 52.6% of properties.
The least commonly available type of property sold in Malvern Hills were flats, which account for 8.3% of properties sold.
Of the properties sold in Malvern Hills during 2021, 4.6% were new build properties.
The average price paid for a new build property in Malvern Hills was £20,272 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (74% of new build properties sold). For existing properties, the most common type is detached houses (49% of existing properties sold).
The most common price band for property sales in Malvern Hills is £200k - £300k, which accounted for 18.9% of properties sold in 2021.
0.7% of properties in Malvern Hills had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Malvern Hills were in the £50k - £100k price bracket, accounting for 0.5% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics