15, ORCHARD RISE, RICHARDS CASTLE, LUDLOW, SY8 4EZ - £194,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 ORCHARD RISE is a very small extended detached house of 82m², built sometime between 1976 and 1982. It was last sold for £194,000 in October 2018, which was around 43% below the average October 2018 detached price in the Herefordshire local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was B.

15 ORCHARD RISE Sold Prices

Land registry data shows two sales for 15 ORCHARD RISE 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 15 ORCHARD RISE 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
2018 5 OCT	£194,000	£342,545	43% below HPI
2004 14 JUL	£160,000	£249,186	36% below HPI

15 ORCHARD RISE 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 15 ORCHARD RISE sales from July 2004 and October 2018 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 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 15 ORCHARD RISE?

15 ORCHARD RISE is 82m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses in Richards Castle, based on EPC data. The below chart shows the distribution of detached houses by size in Richards Castle, and where 15 ORCHARD RISE lies on this distribution: 6% of detached houses are smaller than 15 ORCHARD RISE, and 94% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

15 ORCHARD RISE: Plot and Title Map

15 ORCHARD RISE sits on a plot of roughly 0.044 of an acre, or 176m². The below map shows the location of 15 ORCHARD RISE, 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 15 ORCHARD RISE). 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 15 ORCHARD RISE?

15 ORCHARD RISE is located in RICHARDS CASTLE, in the SY8 postcode district. The below map shows the position of No. 15 on ORCHARD RISE.