OAK BANK, KNOWBURY, LUDLOW, SY8 3JU - £330,000

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

OAK BANK is a midsized extended detached house of 146m², built sometime from 2007 onwards. It was last sold for £330,000 in August 2015, which was around 21% above the average August 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

OAK BANK Sold Prices

Land registry data shows three sales for OAK BANK 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. Two of the three OAK BANK sales were for above the average price, whilst one was 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
2015 19 AUG	£330,000	£273,708	21% above HPI
2006 13 SEP	£90,000	£263,056	66% below HPI
2003 29 AUG	£470,000	£197,869	138% above HPI

OAK BANK 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 OAK BANK sales between August 2003 and August 2015 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 September 2006 sale was for 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the August 2015 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is OAK BANK?

OAK BANK is 146m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses in Knowbury, based on EPC data. The below chart shows the distribution of detached houses by size in Knowbury, and where OAK BANK lies on this distribution: 44% of detached houses are smaller than OAK BANK, and 56% of houses are larger. Note that EPC data is not available for all properties in Knowbury.

OAK BANK: Plot and Title Map

OAK BANK sits on a plot of roughly 0.277 of an acre, or 1,119m². The below map shows the location of OAK BANK, 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 OAK BANK). 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 OAK BANK?

OAK BANK is located in KNOWBURY, in the SY8 postcode district. The below map shows the position of OAK BANK in KNOWBURY.