MILL HOUSE, LOWER MILL STREET, LUDLOW, SY8 1BH - £1,137,500

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.

MILL HOUSE is a very large extended detached house of 323m², built sometime between 1900 and 1929, which could now be worth an estimated £1,495,167. It was last sold for £1,137,500 in November 2018, which was around 258% above the average November 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

MILL HOUSE Sold Prices

Land registry data shows two sales for MILL HOUSE 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 MILL HOUSE 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
2018 8 NOV	£1,137,500	£317,464	258% above HPI
2003 26 AUG	£730,000	£203,396	259% above HPI

MILL HOUSE 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 MILL HOUSE sales from August 2003 and November 2018 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 August 2003 sale was for 259% above the HPI. So the extrapolation line tracks at 259% above the HPI over time, until the November 2018 sale, where it falls to 258% above the HPI. The line then continues to track at 258% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £1,495,167.

This is based on house price inflation of 31.4%, between November 2018 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 31.4% inflationary increase is applied to the most recent sale price for MILL HOUSE of £1,137,500 on 8th November 2018. For the value to have increased from £1,137,500 to £1,495,167 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2018 sale price of £1,137,500 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since November 2018.

How Large is MILL HOUSE?

MILL HOUSE is 323m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 10% 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 MILL HOUSE lies on this distribution: More than 99% of detached houses houses are smaller than MILL HOUSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.414 of an acre, or 1,676m². The below map shows the location of MILL HOUSE, 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 MILL HOUSE). 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 MILL HOUSE?

MILL HOUSE is located on LOWER MILL STREET in LUDLOW, in the SY8 postcode district. The below map shows the position of MILL HOUSE on LOWER MILL STREET.