18, RICHMOND TERRACE, OTLEY, LS21 3JX - £249,950

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.

18 RICHMOND TERRACE is a very small detached house of 49m², built sometime between 1930 and 1949, which could now be worth an estimated £298,801. It was last sold for £249,950 in September 2021, which was around 33% below the average September 2021 detached price in the Leeds local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

18 RICHMOND TERRACE Sold Prices

Land registry data shows two sales for 18 RICHMOND TERRACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. Both of the two 18 RICHMOND TERRACE 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 10 SEP	£249,950	£374,523	33% below HPI
2007 30 OCT	£222,500	£276,880	20% below HPI

18 RICHMOND TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The two 18 RICHMOND TERRACE sales from October 2007 and September 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 October 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 18 RICHMOND TERRACE be worth now?

18 RICHMOND TERRACE might now be worth an estimated £298,801.

This is based on house price inflation of 19.5%, between September 2021 and March 2025, for detached houses, in the Leeds local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 18 RICHMOND TERRACE of £249,950 on 10th September 2021. For the value to have increased from £249,950 to £298,801 over the four years and six months to March 2025, the following assumptions must hold true:

• The value of 18 RICHMOND TERRACE has moved in line with the HPI for detached houses in the Leeds local authority area.
• The September 2021 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 18 RICHMOND TERRACE has not materially changed since September 2021.

How Large is 18 RICHMOND TERRACE?

18 RICHMOND TERRACE is 49m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses houses in Otley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otley, and where 18 RICHMOND TERRACE lies on this distribution: Less than 1% of detached houses houses are smaller than 18 RICHMOND TERRACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Otley.

18 RICHMOND TERRACE: Plot and Title Map

18 RICHMOND TERRACE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 18 RICHMOND TERRACE, 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 18 RICHMOND TERRACE). 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 18 RICHMOND TERRACE?

18 RICHMOND TERRACE is located in OTLEY, in the LS21 postcode district. The below map shows the position of No. 18 on RICHMOND TERRACE.