SOUTHLOCK, BROMFIELD ROAD, LUDLOW, SY8 1DW - £310,000

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.

SOUTHLOCK is a midsized extended detached house of 106m², built sometime between 1900 and 1929, which could now be worth an estimated £419,984. It was last sold for £310,000 in February 2018, which was around 1% above the average February 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was B.

SOUTHLOCK Sold Prices

Land registry data shows two sales for SOUTHLOCK 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 SOUTHLOCK 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
2018 27 FEB	£310,000	£308,008	1% above HPI
1995 11 AUG	£71,000	£84,926	16% below HPI

SOUTHLOCK 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 SOUTHLOCK sales from August 1995 and February 2018 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 August 1995 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2018 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might SOUTHLOCK be worth now?

SOUTHLOCK might now be worth an estimated £419,984.

This is based on house price inflation of 35.5%, between February 2018 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 35.5% inflationary increase is applied to the most recent sale price for SOUTHLOCK of £310,000 on 27th February 2018. For the value to have increased from £310,000 to £419,984 over the seven years to February 2025, the following assumptions must hold true:

• The value of SOUTHLOCK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of SOUTHLOCK has not materially changed since February 2018.

How Large is SOUTHLOCK?

SOUTHLOCK is 106m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 50% of detached houses houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludlow, and where SOUTHLOCK lies on this distribution: 51% of detached houses houses are smaller than SOUTHLOCK, and 48% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

SOUTHLOCK: Plot and Title Map

SOUTHLOCK sits on a plot of roughly 0.216 of an acre, or 876m². The below map shows the location of SOUTHLOCK, 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 SOUTHLOCK). 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 SOUTHLOCK?

SOUTHLOCK is located on BROMFIELD ROAD in LUDLOW, in the SY8 postcode district. The below map shows the position of SOUTHLOCK on BROMFIELD ROAD.