THE PADDOCKS, RICHARDS CASTLE, LUDLOW, SY8 4EL - £485,000

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.

THE PADDOCKS is a large extended detached house of 179m², built sometime before 1900, which could now be worth an estimated £634,318. It was last sold for £485,000 in May 2019, which was around 43% above the average May 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2018, where the current energy rating was F, and the potential energy rating was C.

THE PADDOCKS Sold Prices

Land registry data shows two sales for THE PADDOCKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Both of the two THE PADDOCKS sales 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
2019 13 MAY	£485,000	£338,672	43% above HPI
1998 3 SEP	£145,000	£107,401	35% above HPI

THE PADDOCKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The two THE PADDOCKS sales from September 1998 and May 2019 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 September 1998 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the May 2019 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might THE PADDOCKS be worth now?

THE PADDOCKS might now be worth an estimated £634,318.

This is based on house price inflation of 30.8%, between May 2019 and February 2025, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.8% inflationary increase is applied to the most recent sale price for THE PADDOCKS of £485,000 on 13th May 2019. For the value to have increased from £485,000 to £634,318 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of THE PADDOCKS has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The May 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of THE PADDOCKS has not materially changed since May 2019.

How Large is THE PADDOCKS?

THE PADDOCKS is 179m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 40% of detached houses houses in Richards Castle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Richards Castle, and where THE PADDOCKS lies on this distribution: 66% of detached houses houses are smaller than THE PADDOCKS, and 34% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

THE PADDOCKS: Plot and Title Map

THE PADDOCKS sits on a plot of roughly 1.1 acres, or 4,524m². The below map shows the location of THE PADDOCKS, 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 PADDOCKS). 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 PADDOCKS?

THE PADDOCKS is located in RICHARDS CASTLE, in the SY8 postcode district. The below map shows the position of THE PADDOCKS in RICHARDS CASTLE.