28, ORCHARD RISE, RICHARDS CASTLE, LUDLOW, SY8 4EZ - £226,000

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.

28 ORCHARD RISE is a very small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £337,609. It was last sold for £226,000 in June 2015, which was around 24% below the average June 2015 detached price in the Herefordshire local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was D.

28 ORCHARD RISE Sold Prices

Land registry data shows three sales for 28 ORCHARD RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the three 28 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
2015 10 JUN	£226,000	£296,510	24% below HPI
2011 14 JAN	£205,000	£268,994	24% below HPI
2003 13 MAY	£170,000	£203,594	17% below HPI

28 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 three 28 ORCHARD RISE sales between May 2003 and June 2015 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 January 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2015 sale, which was also at 24% below the HPI.

What might 28 ORCHARD RISE be worth now?

28 ORCHARD RISE might now be worth an estimated £337,609.

This is based on house price inflation of 49.4%, between June 2015 and February 2025, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.4% inflationary increase is applied to the most recent sale price for 28 ORCHARD RISE of £226,000 on 10th June 2015. For the value to have increased from £226,000 to £337,609 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 28 ORCHARD RISE has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The June 2015 sale price of £226,000 represented a fair market value for the property.
• The size, condition, and specification of 28 ORCHARD RISE has not materially changed since June 2015.

How Large is 28 ORCHARD RISE?

28 ORCHARD RISE is 98m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses houses in Richards Castle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Richards Castle, and where 28 ORCHARD RISE lies on this distribution: 15% of detached houses houses are smaller than 28 ORCHARD RISE, and 85% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

28 ORCHARD RISE: Plot and Title Map

28 ORCHARD RISE sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 28 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 28 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 28 ORCHARD RISE?

28 ORCHARD RISE is located in RICHARDS CASTLE, in the SY8 postcode district. The below map shows the position of No. 28 on ORCHARD RISE.