ZION CHAPEL, CHAPEL MEWS, LUDLOW, SY8 2PY - £194,000

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

ZION CHAPEL is a very large detached house of 134m², built sometime before 1900. It was last sold for £194,000 in November 2015, which was around 30% below the average November 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

ZION CHAPEL Sold Prices

Land registry data shows four sales for ZION CHAPEL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four ZION CHAPEL 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
2015 10 NOV	£194,000	£277,509	30% below HPI
2000 17 AUG	£79,000	£123,943	36% below HPI
1998 1 DEC	£70,000	£99,863	30% below HPI
1997 14 FEB	£59,995	£86,555	31% below HPI

ZION CHAPEL 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 four ZION CHAPEL sales between February 1997 and November 2015 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 2000 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2015 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is ZION CHAPEL?

ZION CHAPEL is 134m² according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses in Ludlow, based on EPC data. The below chart shows the distribution of detached houses by size in Ludlow, and where ZION CHAPEL lies on this distribution: 81% of detached houses are smaller than ZION CHAPEL, and 18% of houses are larger. Note that EPC data is not available for all properties in Ludlow.

ZION CHAPEL: Plot and Title Map

ZION CHAPEL sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of ZION CHAPEL, 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 ZION CHAPEL). 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 ZION CHAPEL?

ZION CHAPEL is located on CHAPEL MEWS in LUDLOW, in the SY8 postcode district. The below map shows the position of ZION CHAPEL on CHAPEL MEWS.