GREENBANK, SHEET ROAD, LUDLOW, SY8 1LH - £485,000

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

GREENBANK is a large extended detached house of 128m², built sometime between 1950 and 1966. It was last sold for £485,000 in October 2017, which was around 64% above the average October 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

GREENBANK Sold Prices

Land registry data shows three sales for GREENBANK 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 GREENBANK 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
2017 31 OCT	£485,000	£296,180	64% above HPI
2002 4 DEC	£196,000	£177,944	10% above HPI
2001 7 SEP	£150,000	£140,055	7% above HPI

GREENBANK 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 GREENBANK sales between September 2001 and October 2017 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 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2017 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is GREENBANK?

GREENBANK is 128m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 30% of detached houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses by size in Ludlow, and where GREENBANK lies on this distribution: 78% of detached houses are smaller than GREENBANK, and 21% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

GREENBANK: Plot and Title Map

GREENBANK sits on a plot of roughly 0.316 of an acre, or 1,279m². The below map shows the location of GREENBANK, 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 GREENBANK). 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 GREENBANK?

GREENBANK is located on SHEET ROAD in LUDLOW, in the SY8 postcode district. The below map shows the position of GREENBANK on SHEET ROAD.