DREWEAN, STEVENTON NEW ROAD, LUDLOW, SY8 1JZ - £247,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

DREWEAN is a large extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £322,213. It was last sold for £247,500 in December 2019, which was around 23% below the average December 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

DREWEAN Sold Prices

Land registry data shows two sales for DREWEAN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two DREWEAN 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
2019 12 DEC	£247,500	£320,527	23% below HPI
1998 15 MAY	£75,000	£97,128	23% below HPI

DREWEAN 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 two DREWEAN sales from May 1998 and December 2019 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 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2019 sale, which was also at 23% below the HPI.

What might DREWEAN be worth now?

DREWEAN might now be worth an estimated £322,213.

This is based on house price inflation of 30.2%, between December 2019 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 30.2% inflationary increase is applied to the most recent sale price for DREWEAN of £247,500 on 12th December 2019. For the value to have increased from £247,500 to £322,213 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of DREWEAN has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The December 2019 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of DREWEAN has not materially changed since December 2019.

How Large is DREWEAN?

DREWEAN is 114m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 40% 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 DREWEAN lies on this distribution: 62% of detached houses houses are smaller than DREWEAN, and 37% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

DREWEAN: Plot and Title Map

DREWEAN sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of DREWEAN, 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 DREWEAN). 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 DREWEAN?

DREWEAN is located on STEVENTON NEW ROAD in LUDLOW, in the SY8 postcode district. The below map shows the position of DREWEAN on STEVENTON NEW ROAD.