2, LANGFORD CLOSE, LUDLOW, SY8 1UF - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 LANGFORD CLOSE is a small extended detached house of 94m², built sometime between 1991 and 1995. It was last sold for £325,000 in May 2022, which was around 12% below the average May 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

2 LANGFORD CLOSE Sold Prices

Land registry data shows three sales for 2 LANGFORD CLOSE 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 2 LANGFORD CLOSE 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
2022 5 MAY	£325,000	£370,436	12% below HPI
2017 3 JUL	£228,500	£291,256	22% below HPI
2004 9 JAN	£150,000	£210,482	29% below HPI

2 LANGFORD CLOSE 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 2 LANGFORD CLOSE sales between January 2004 and May 2022 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 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 LANGFORD CLOSE?

2 LANGFORD CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% of detached houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses by size in Ludlow, and where 2 LANGFORD CLOSE lies on this distribution: 37% of detached houses are smaller than 2 LANGFORD CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

2 LANGFORD CLOSE: Plot and Title Map

2 LANGFORD CLOSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 2 LANGFORD CLOSE, 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 2 LANGFORD CLOSE). 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 2 LANGFORD CLOSE?

2 LANGFORD CLOSE is located in LUDLOW, in the SY8 postcode district. The below map shows the position of No. 2 on LANGFORD CLOSE.