SMALL ACRE, GEORGE ROAD, KNIGHTON, LD7 1HF - £220,000

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

SMALL ACRE is a midsized extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £220,000 in May 2024, which was around 29% below the average May 2024 detached price in the Powys local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was C.

SMALL ACRE Sold Prices

Land registry data shows three sales for SMALL ACRE 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. All of the three SMALL ACRE 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
2024 16 MAY	£220,000	£310,371	29% below HPI
2023 15 JUN	£215,000	£314,496	32% below HPI
2000 5 OCT	£55,000	£92,530	41% below HPI

SMALL ACRE 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 SMALL ACRE sales between October 2000 and May 2024 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 June 2023 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2024 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is SMALL ACRE?

SMALL ACRE is 127m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 40% of detached houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses by size in Knighton, and where SMALL ACRE lies on this distribution: 59% of detached houses are smaller than SMALL ACRE, and 40% of houses are larger. Note that EPC data is not available for all properties in Knighton.

SMALL ACRE: Plot and Title Map

SMALL ACRE sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of SMALL ACRE, 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 SMALL ACRE). 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 SMALL ACRE?

SMALL ACRE is located on GEORGE ROAD in KNIGHTON, in the LD7 postcode district. The below map shows the position of SMALL ACRE on GEORGE ROAD.