16, LOWER MILL STREET, LUDLOW, SY8 1BH - £772,500

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.

16 LOWER MILL STREET is a very large extended detached house of 216m², built sometime before 1900, which could now be worth an estimated £996,481. It was last sold for £772,500 in March 2020, which was around 139% above the average March 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

16 LOWER MILL STREET Sold Prices

Land registry data shows three sales for 16 LOWER MILL STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 16 LOWER MILL STREET 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
2020 16 MAR	£772,500	£323,491	139% above HPI
2013 3 MAY	£375,000	£258,934	45% above HPI
2004 13 JAN	£300,000	£216,361	39% above HPI

16 LOWER MILL STREET 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 three 16 LOWER MILL STREET sales between January 2004 and March 2020 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 2013 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the March 2020 sale, where it rises to 139% above the HPI. The line then continues to track at 139% above the HPI.

What might 16 LOWER MILL STREET be worth now?

16 LOWER MILL STREET might now be worth an estimated £996,481.

This is based on house price inflation of 29%, between March 2020 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 29% inflationary increase is applied to the most recent sale price for 16 LOWER MILL STREET of £772,500 on 16th March 2020. For the value to have increased from £772,500 to £996,481 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 16 LOWER MILL STREET has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2020 sale price of £772,500 represented a fair market value for the property.
• The size, condition, and specification of 16 LOWER MILL STREET has not materially changed since March 2020.

How Large is 16 LOWER MILL STREET?

16 LOWER MILL STREET is 216m², which includes four extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludlow, and where 16 LOWER MILL STREET lies on this distribution: 96% of detached houses houses are smaller than 16 LOWER MILL STREET, and 4% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

16 LOWER MILL STREET: Plot and Title Map

16 LOWER MILL STREET sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 16 LOWER MILL STREET, 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 16 LOWER MILL STREET). 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 16 LOWER MILL STREET?

16 LOWER MILL STREET is located in LUDLOW, in the SY8 postcode district. The below map shows the position of No. 16 on LOWER MILL STREET.