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

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.

38 ROCK LANE is a very small detached house of 70m², built sometime before 1900, which could now be worth an estimated £220,898. It was last sold for £190,000 in August 2021, which was around 47% 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	£358,918	47% below HPI
2017 8 MAY	£92,000	£299,185	69% below HPI
2016 20 OCT	£88,000	£297,330	70% below HPI
2013 3 SEP	£93,000	£263,619	65% 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 69% below the HPI. So the extrapolation line tracks at 69% below the HPI over time, until the August 2021 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 38 ROCK LANE be worth now?

38 ROCK LANE might now be worth an estimated £220,898.

This is based on house price inflation of 16.3%, between August 2021 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 16.3% inflationary increase is applied to the most recent sale price for 38 ROCK LANE of £190,000 on 31st August 2021. For the value to have increased from £190,000 to £220,898 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 38 ROCK LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 38 ROCK LANE has not materially changed since August 2021.

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 houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludlow, and where 38 ROCK LANE lies on this distribution: 10% of detached houses 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.