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Raddys Cottage, Ludlow is recorded publicly as a period freehold house across 807 ft2 of internal area, sitting on a 224 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Raddys Cottage, Ludlow is £318,578 and its rental estimate is £965 per month, given the available information and assuming reasonable condition.
Knowbury, Ludlow, SY8 falls within the SY8 postal district.
Raddys Cottage, Ludlow has 2 entries in the Land Registry , most recently in February 2023 and a single entry in the EPC database dated August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Raddys Cottage, Ludlow, we estimate a market value of £334,507 and a rental value of £1,013 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £296,278 and £897 per month respectively.
Over the last year, Raddys Cottage, Ludlow has seen its estimated sale value drop by £3,162 (1.0%) and its estimated rental value rise by £36 per month (3.7%). This results in an estimated gross rental yield of 3.6%.
HM Land Registry records the plot of land for Raddys Cottage, Ludlow as measuring 224 m2.
That makes it the 10th largest plot in the postcode, where 11 of the 15 other houses have recorded plot data.
Raddys Cottage, Ludlow has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Aug 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
The most recent sale of Raddys Cottage, Ludlow completed on 3rd February 2023 at £330,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 27.6% over the period since February 2023.
Over the past 2 years 3 properties similar to Raddys Cottage, Ludlow have sold within a radius of 5.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th June 2021, was 1, Scotts Lane, Ludlow, SY8 3JP, a freehold house which sold for £320,000.
Read more about house prices in SY8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 86 addresses on Knowbury, Ludlow, SY8, Raddys Cottage, Ludlow comes out as the 71st largest and the 60th most expensive in our analysis of the public data.
It is also £645 more expensive than the average property across the SY8 district.
From Raddys Cottage, Ludlow, the nearest station is Ludlow, 6.3 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Raddys Cottage, Ludlow, 55.2% of property is privately owned outright and 30.9% 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 Raddys Cottage, Ludlow, 15.5% of residents are recorded as possessing school level qualifications and 37.6% 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 Raddys 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 Raddys Cottage, Ludlow, 1.6% 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 Raddys 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.
