8, GRANITE CLOSE, CLEE HILL, LUDLOW, SY8 3RB - £219,950

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.

8 GRANITE CLOSE is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £245,281. It was last sold for £219,950 in April 2022, which was around 41% below the average April 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

8 GRANITE CLOSE Sold Prices

Land registry data shows three sales for 8 GRANITE 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 8 GRANITE 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 14 APR	£219,950	£374,191	41% below HPI
2007 16 FEB	£140,000	£266,084	47% below HPI
2001 15 JUN	£76,000	£137,555	45% below HPI

8 GRANITE 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 8 GRANITE CLOSE sales between June 2001 and April 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 February 2007 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 8 GRANITE CLOSE be worth now?

8 GRANITE CLOSE might now be worth an estimated £245,281.

This is based on house price inflation of 11.5%, between April 2022 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 11.5% inflationary increase is applied to the most recent sale price for 8 GRANITE CLOSE of £219,950 on 14th April 2022. For the value to have increased from £219,950 to £245,281 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 8 GRANITE CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The April 2022 sale price of £219,950 represented a fair market value for the property.
• The size, condition, and specification of 8 GRANITE CLOSE has not materially changed since April 2022.

How Large is 8 GRANITE CLOSE?

8 GRANITE CLOSE is 55m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses houses in Cleehill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleehill, and where 8 GRANITE CLOSE lies on this distribution: 5% of detached houses houses are smaller than 8 GRANITE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Cleehill.

8 GRANITE CLOSE: Plot and Title Map

8 GRANITE CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 8 GRANITE 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 8 GRANITE 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 8 GRANITE CLOSE?

8 GRANITE CLOSE is located in CLEE HILL, in the SY8 postcode district. The below map shows the position of No. 8 on GRANITE CLOSE.