PROSPECT HOUSE, TENBURY ROAD, CLEE HILL, LUDLOW, SY8 3NE - £330,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PROSPECT HOUSE is a very large extended detached house of 196m², built sometime before 1900. It was last sold for £330,000 in May 2015, which was around 24% above the average May 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

PROSPECT HOUSE Sold Prices

Land registry data shows two sales for PROSPECT 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. One of the two PROSPECT HOUSE sales was for above the average price, whilst the other 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 29 MAY	£330,000	£266,330	24% above HPI
2003 6 MAR	£185,000	£187,340	1% below HPI

PROSPECT 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 PROSPECT HOUSE sales from March 2003 and May 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 March 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2015 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is PROSPECT HOUSE?

PROSPECT HOUSE is 196m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of detached houses in Cleehill, based on EPC data. The below chart shows the distribution of detached houses by size in Cleehill, and where PROSPECT HOUSE lies on this distribution: 99% of detached houses are smaller than PROSPECT HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Cleehill.

PROSPECT HOUSE: Plot and Title Map

PROSPECT HOUSE sits on a plot of roughly 0.300 of an acre, or 1,213m². The below map shows the location of PROSPECT 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 PROSPECT 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 PROSPECT HOUSE?

PROSPECT HOUSE is located on TENBURY ROAD in CLEE HILL, in the SY8 postcode district. The below map shows the position of PROSPECT HOUSE on TENBURY ROAD.