FAIRFIELD, ORCHARD RISE, RICHARDS CASTLE, LUDLOW, SY8 4EZ - £300,000

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

FAIRFIELD is a midsized extended detached house of 134m², built sometime between 1996 and 2002. It was last sold for £300,000 in October 2019, which was around 13% below the average October 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

FAIRFIELD Sold Prices

Land registry data shows three sales for FAIRFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Two of the three FAIRFIELD sales were for below the average price, whilst one was 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
2019 17 OCT	£300,000	£345,647	13% below HPI
2002 12 APR	£167,500	£154,969	8% above HPI
1999 27 AUG	£35,500	£115,250	69% below HPI

FAIRFIELD 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 three FAIRFIELD sales between August 1999 and October 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 April 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is FAIRFIELD?

FAIRFIELD is 134m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the smallest 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 FAIRFIELD lies on this distribution: 44% of detached houses are smaller than FAIRFIELD, and 56% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.210 of an acre, or 848m². The below map shows the location of FAIRFIELD, 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 FAIRFIELD). 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 FAIRFIELD?

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