GREENACRE, LARKEY LANE, KNIGHTON, LD7 1DN - £480,000

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.

GREENACRE is a large detached house of 162m², built sometime between 1967 and 1975, which could now be worth an estimated £491,315. It was last sold for £480,000 in July 2022, which was around 52% above the average July 2022 detached price in the Powys local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was C.

GREENACRE Sold Prices

Land registry data shows two sales for GREENACRE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two GREENACRE 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
2022 13 JUL	£480,000	£316,255	52% above HPI
2020 18 DEC	£335,000	£278,101	20% above HPI

GREENACRE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two GREENACRE sales from December 2020 and July 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 December 2020 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2022 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might GREENACRE be worth now?

GREENACRE might now be worth an estimated £491,315.

This is based on house price inflation of 2.4%, between July 2022 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for GREENACRE of £480,000 on 13th July 2022. For the value to have increased from £480,000 to £491,315 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of GREENACRE has moved in line with the HPI for detached houses in the Powys local authority area.
• The July 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of GREENACRE has not materially changed since July 2022.

How Large is GREENACRE?

GREENACRE is 162m² according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knighton, and where GREENACRE lies on this distribution: 78% of detached houses houses are smaller than GREENACRE, and 22% of houses are larger. Note that EPC data is not available for all properties in Knighton.

GREENACRE: Plot and Title Map

GREENACRE sits on a plot of roughly 0.764 of an acre, or 3,090m². The below map shows the location of GREENACRE, 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 GREENACRE). 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 GREENACRE?

GREENACRE is located on LARKEY LANE in KNIGHTON, in the LD7 postcode district. The below map shows the position of GREENACRE on LARKEY LANE.