THE VILLA, RICHARDS CASTLE, LUDLOW, SY8 4EL - £315,000

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 VILLA is a small extended detached house of 133m², built sometime before 1900, which could now be worth an estimated £377,017. It was last sold for £315,000 in February 2021, which was around 15% below the average February 2021 detached price in the Herefordshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was F, and the potential energy rating was B.

THE VILLA Sold Prices

Land registry data shows three sales for THE VILLA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the three THE VILLA 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
2021 8 FEB	£315,000	£370,079	15% below HPI
2015 16 APR	£215,000	£300,439	28% below HPI
1999 26 OCT	£110,000	£121,865	10% below HPI

THE VILLA 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 three THE VILLA sales between October 1999 and February 2021 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 April 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might THE VILLA be worth now?

THE VILLA might now be worth an estimated £377,017.

This is based on house price inflation of 19.7%, between February 2021 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 19.7% inflationary increase is applied to the most recent sale price for THE VILLA of £315,000 on 8th February 2021. For the value to have increased from £315,000 to £377,017 over the four years to February 2025, the following assumptions must hold true:

• The value of THE VILLA has moved in line with the HPI for detached houses in the Herefordshire local authority area.
• The February 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of THE VILLA has not materially changed since February 2021.

How Large is THE VILLA?

THE VILLA is 133m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 VILLA lies on this distribution: 39% of detached houses houses are smaller than THE VILLA, and 61% of houses are larger. Note that EPC data is not available for all properties in Richards Castle.

THE VILLA: Plot and Title Map

THE VILLA sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of THE VILLA, 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 VILLA). 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 VILLA?

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