OFFAS RISE, PRESTEIGNE ROAD, KNIGHTON, LD7 1HY - £245,000

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.

OFFAS RISE is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £305,629. It was last sold for £245,000 in August 2020, which was around 6% below the average August 2020 detached price in the Powys local authority area. The most recent EPC inspection was November 2010, where the current energy rating was C, and the potential energy rating was C.

OFFAS RISE Sold Prices

Land registry data shows three sales for OFFAS RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Powys local authority area for the corresponding sale date. One of the three OFFAS RISE sales was for below the average price, whilst two 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
2020 4 AUG	£245,000	£259,494	6% below HPI
2014 29 JAN	£220,000	£211,655	4% above HPI
2000 21 JUN	£132,500	£90,252	47% above HPI

OFFAS RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The three OFFAS RISE sales between June 2000 and August 2020 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 January 2014 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might OFFAS RISE be worth now?

OFFAS RISE might now be worth an estimated £305,629.

This is based on house price inflation of 24.7%, between August 2020 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for OFFAS RISE of £245,000 on 4th August 2020. For the value to have increased from £245,000 to £305,629 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of OFFAS RISE has moved in line with the HPI for detached houses in the Powys local authority area.
• The August 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of OFFAS RISE has not materially changed since August 2020.

How Large is OFFAS RISE?

OFFAS RISE is 94m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 40% of detached houses houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knighton, and where OFFAS RISE lies on this distribution: 36% of detached houses houses are smaller than OFFAS RISE, and 64% of houses are larger. Note that EPC data is not available for all properties in Knighton.

OFFAS RISE: Plot and Title Map

OFFAS RISE sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of OFFAS RISE, 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 OFFAS RISE). 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 OFFAS RISE?

OFFAS RISE is located on PRESTEIGNE ROAD in KNIGHTON, in the LD7 postcode district. The below map shows the position of OFFAS RISE on PRESTEIGNE ROAD.