COURTLANDS, ORCHARD RISE, RICHARDS CASTLE, LUDLOW, SY8 4EZ - £450,000

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

COURTLANDS is a midsized detached house of 155m², built sometime between 1996 and 2002. It was last sold for £450,000 in June 2021, which was around 23% above the average June 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was B, and the potential energy rating was B.

COURTLANDS Sold Prices

Land registry data shows four sales for COURTLANDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Most of the four COURTLANDS sales were for above 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 28 JUN	£450,000	£365,088	23% above HPI
2007 15 JUN	£290,000	£285,488	2% above HPI
2006 19 JAN	£249,999	£255,448	2% below HPI
2001 10 AUG	£165,000	£145,598	13% above HPI

COURTLANDS 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 four COURTLANDS sales between August 2001 and June 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 June 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2021 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is COURTLANDS?

COURTLANDS is 155m² according to the EPC inspection conducted in May 2017. This puts it in the largest 50% of detached houses in Richards Castle, based on EPC data. The below chart shows the distribution of detached houses by size in Richards Castle, and where COURTLANDS lies on this distribution: 53% of detached houses are smaller than COURTLANDS, and 47% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

COURTLANDS: Plot and Title Map

COURTLANDS sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of COURTLANDS, 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 COURTLANDS). 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 COURTLANDS?

COURTLANDS is located on ORCHARD RISE in RICHARDS CASTLE, in the SY8 postcode district. The below map shows the position of COURTLANDS on ORCHARD RISE.