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

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.

OAKDENE is a very small extended detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £333,747. It was last sold for £300,000 in January 2022, which was around 20% 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	£375,091	20% below HPI
2003 6 MAR	£149,950	£192,573	22% below HPI
2001 23 JUL	£72,500	£138,555	48% 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might OAKDENE be worth now?

OAKDENE might now be worth an estimated £333,747.

This is based on house price inflation of 11.2%, between January 2022 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 11.2% inflationary increase is applied to the most recent sale price for OAKDENE of £300,000 on 31st January 2022. For the value to have increased from £300,000 to £333,747 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of OAKDENE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The January 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of OAKDENE has not materially changed since January 2022.

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 houses in Cleehill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleehill, and where OAKDENE lies on this distribution: 17% of detached houses houses are smaller than OAKDENE, and 74% 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.