OAKDENE, LUDLOW ROAD, CLEE HILL, LUDLOW, SY8 3NZ - £300,000

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

OAKDENE is a very small extended detached house of 68m², built sometime between 1967 and 1975. It was last sold for £300,000 in January 2022, which was around 18% below the average January 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was A.

OAKDENE Sold Prices

Land registry data shows three sales for OAKDENE 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 OAKDENE 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
2022 31 JAN	£300,000	£364,898	18% below HPI
2003 6 MAR	£149,950	£187,340	20% below HPI
2001 23 JUL	£72,500	£134,790	46% below HPI

OAKDENE 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 OAKDENE sales between July 2001 and January 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 March 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is OAKDENE?

OAKDENE is 68m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Cleehill, based on EPC data. The below chart shows the distribution of detached houses by size in Cleehill, and where OAKDENE lies on this distribution: 16% of detached houses are smaller than OAKDENE, and 75% of houses are larger. Note that EPC data is not available for all properties in Cleehill.

OAKDENE: Plot and Title Map

OAKDENE sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of OAKDENE, 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 OAKDENE). 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 OAKDENE?

OAKDENE is located on LUDLOW ROAD in CLEE HILL, in the SY8 postcode district. The below map shows the position of OAKDENE on LUDLOW ROAD.