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According to the public record, Prospect Cottage, Ludlow is a period freehold house with 1,560 ft2 of internal area and sits on a 2,055 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Prospect Cottage, Ludlow is £295,404 and the estimated rental value is £1,172 per month.
Clee Hill, Ludlow, SY8 is located within the SY8 postal district.
Prospect Cottage, Ludlow has a single entry in the Land Registry from September 2020 and a single entry in the EPC database dated March 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Prospect Cottage, Ludlow is in very good condition we estimate a sale value of £310,174 and a rental value of £1,230 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,726 and a rental value of £1,090 per month.
Over the last 12 months the sale value of Prospect Cottage Ludlow has decreased by an estimated £11,772 (4.0%) and its rental value has increased by an estimated £19 per month (1.6%), giving an expected gross yield of 4.8%.
According to data from HM Land Registry, Prospect Cottage, Ludlow sits on a plot of 2055m2.
We have plot size data on 3 out of 6 other houses in the postcode and Prospect Cottage, Ludlow sits on the largest plot.
Prospect Cottage, Ludlow has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 03 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
According to HM Land Registry, Prospect Cottage, Ludlow was last sold on 30th September 2020 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2020, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Prospect Cottage, Ludlow within a radius of 5.5 kilometres over the last 2 years.
The most recent example is Waverley, Tenbury Road, Ludlow, SY8 3NE, a freehold house which sold for £390,000 on the 16th November 2020.
Read more about house prices in SY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clee Hill, Ludlow, SY8 has a total of 80 addresses. According to our analysis of all the public data, Prospect Cottage, Ludlow is the 16th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in SY8.
The closest station to Prospect Cottage, Ludlow is Ludlow station which is 7.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Prospect Cottage, Ludlow, 60.7% of property is privately owned outright and 22.9% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Prospect Cottage, Ludlow, 17.8% of residents are recorded as possessing school level qualifications and 21.8% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Prospect Cottage, Ludlow, the average age was 47.9 and the most common age was 57.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Prospect Cottage, Ludlow, 0.6% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Prospect Cottage, Ludlow, there are an average of 1.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
