HONEYPOT COTTAGE, STEVENTON NEW ROAD, LUDLOW, SY8 1LE - £227,000

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

HONEYPOT COTTAGE is a small detached house of 85m², built sometime before 1900. It was last sold for £227,000 in October 2016, which was around 22% below the average October 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

HONEYPOT COTTAGE Sold Prices

Land registry data shows three sales for HONEYPOT COTTAGE 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 HONEYPOT COTTAGE 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
2016 7 OCT	£227,000	£289,250	22% below HPI
2003 28 MAY	£143,000	£190,520	25% below HPI
2002 5 JUL	£140,000	£160,697	13% below HPI

HONEYPOT COTTAGE 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 HONEYPOT COTTAGE sales between July 2002 and October 2016 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 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is HONEYPOT COTTAGE?

HONEYPOT COTTAGE is 85m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 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 HONEYPOT COTTAGE lies on this distribution: 28% of detached houses are smaller than HONEYPOT COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

HONEYPOT COTTAGE: Plot and Title Map

HONEYPOT COTTAGE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of HONEYPOT COTTAGE, 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 HONEYPOT COTTAGE). 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 HONEYPOT COTTAGE?

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