1, SCOTTS LANE, KNOWBURY, LUDLOW, SY8 3JP - £320,000

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.

1 SCOTTS LANE is a very small extended detached house of 78m², built sometime before 1900, which could now be worth an estimated £380,132. It was last sold for £320,000 in June 2021, which was around 9% below the average June 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was G, and the potential energy rating was B.

1 SCOTTS LANE Sold Prices

Land registry data shows two sales for 1 SCOTTS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 1 SCOTTS LANE 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
2021 7 JUN	£320,000	£351,276	9% below HPI
2018 3 AUG	£220,000	£319,095	31% below HPI

1 SCOTTS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The two 1 SCOTTS LANE sales from August 2018 and June 2021 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 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 1 SCOTTS LANE be worth now?

1 SCOTTS LANE might now be worth an estimated £380,132.

This is based on house price inflation of 18.8%, between June 2021 and February 2025, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for 1 SCOTTS LANE of £320,000 on 7th June 2021. For the value to have increased from £320,000 to £380,132 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 SCOTTS LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SCOTTS LANE has not materially changed since June 2021.

How Large is 1 SCOTTS LANE?

1 SCOTTS LANE is 78m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses houses in Knowbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knowbury, and where 1 SCOTTS LANE lies on this distribution: 7% of detached houses houses are smaller than 1 SCOTTS LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Knowbury.

1 SCOTTS LANE: Plot and Title Map

1 SCOTTS LANE sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 1 SCOTTS LANE, 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 1 SCOTTS LANE). 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 1 SCOTTS LANE?

1 SCOTTS LANE is located in KNOWBURY, in the SY8 postcode district. The below map shows the position of No. 1 on SCOTTS LANE.