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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 GRANITE CLOSE is a very small detached house of 55m², built sometime between 1967 and 1975. It was last sold for £219,950 in April 2022, which was around 40% 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	£364,023	40% below HPI
2007 16 FEB	£140,000	£258,854	46% below HPI
2001 15 JUN	£76,000	£133,817	43% 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 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the April 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in Cleehill, based on EPC data. The below chart shows the distribution of detached houses by size in Cleehill, and where 8 GRANITE CLOSE lies on this distribution: 5% of detached 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.