38, ROCK LANE, LUDLOW, SY8 1ST - £190,000

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

38 ROCK LANE is a very small detached house of 70m², built sometime before 1900. It was last sold for £190,000 in August 2021, which was around 46% below the average August 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

38 ROCK LANE Sold Prices

Land registry data shows four sales for 38 ROCK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 38 ROCK LANE 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 31 AUG	£190,000	£349,165	46% below HPI
2017 8 MAY	£92,000	£291,056	68% below HPI
2016 20 OCT	£88,000	£289,250	70% below HPI
2013 3 SEP	£93,000	£256,455	64% below HPI

38 ROCK LANE 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 four 38 ROCK LANE sales between September 2013 and August 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 May 2017 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the August 2021 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 38 ROCK LANE?

38 ROCK LANE is 70m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses by size in Ludlow, and where 38 ROCK LANE lies on this distribution: 11% of detached houses are smaller than 38 ROCK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

38 ROCK LANE: Plot and Title Map

38 ROCK LANE sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 38 ROCK LANE, 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 38 ROCK LANE). 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 38 ROCK LANE?

38 ROCK LANE is located in LUDLOW, in the SY8 postcode district. The below map shows the position of No. 38 on ROCK LANE.