THE OLD WORKSHOP, ABERMULE, MONTGOMERY, SY15 6ND - £158,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OLD WORKSHOP is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £197,457. It was last sold for £158,500 in July 2020, which was around 37% below the average July 2020 detached price in the Powys local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

THE OLD WORKSHOP Sold Prices

Land registry data shows two sales for THE OLD WORKSHOP since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two THE OLD WORKSHOP 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
2020 10 JUL	£158,500	£252,274	37% below HPI
2004 19 NOV	£115,000	£182,906	37% below HPI

THE OLD WORKSHOP 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 two THE OLD WORKSHOP sales from November 2004 and July 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 November 2004 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2020 sale, which was also at 37% below the HPI.

What might THE OLD WORKSHOP be worth now?

THE OLD WORKSHOP might now be worth an estimated £197,457.

This is based on house price inflation of 24.6%, between July 2020 and December 2024, 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 24.6% inflationary increase is applied to the most recent sale price for THE OLD WORKSHOP of £158,500 on 10th July 2020. For the value to have increased from £158,500 to £197,457 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of THE OLD WORKSHOP has moved in line with the HPI for detached houses in the Powys local authority area.
• The July 2020 sale price of £158,500 represented a fair market value for the property.
• The size, condition, and specification of THE OLD WORKSHOP has not materially changed since July 2020.

How Large is THE OLD WORKSHOP?

THE OLD WORKSHOP is 82m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Abermule, based on EPC data. The below chart shows the distribution of detached houses houses by size in Abermule, and where THE OLD WORKSHOP lies on this distribution: 14% of detached houses houses are smaller than THE OLD WORKSHOP, and 84% of houses are larger. Note that EPC data is not available for all properties in Abermule.

THE OLD WORKSHOP: Plot and Title Map

THE OLD WORKSHOP sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of THE OLD WORKSHOP, 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 THE OLD WORKSHOP). 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 THE OLD WORKSHOP?

THE OLD WORKSHOP is located in ABERMULE, in the SY15 postcode district. The below map shows the position of THE OLD WORKSHOP in ABERMULE.