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House Prices in SY8 House Prices in SY8 (Ludlow)

The average house price in SY8 (Ludlow) is £355,750 using HM Land Registry data.

The average property price increased by £31,883 (38.04%) over the last 5 years and increased by £6,374 (5.31%) over the last 12 months.

Over the last year, there were 198 residential property sales – a decrease of 143 transactions (-72.22%) relative to the previous year. The majority of house sales (60) were in the £210,000 - £300,000 range. Then came properties in the £120,000 - £210,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,938 (-3%).

In June 2024, there were 54 new estate agency instructions, 37 agreed home sales and 30 property price reductions.

Nearby Postcodes: DY12, DY13, DY14, HR1, HR3, HR4, HR5, HR6, HR7, LD7, LD8, SY15, SY16, SY6, SY7, SY9, TF11, TF12, TF13, TF8, WR15, WR6, WV15, WV16

5-Year Average Property Prices in SY8 (Ludlow)

38.04%

Property prices in Ludlow increased by 38.04% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SY8 (Ludlow) Over the Last Year

5.31%

Property prices in Ludlow increased by 5.31% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SY8 (Ludlow) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SY8 (Ludlow)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SY8 (Ludlow)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SY8 (Ludlow)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SY8 (Ludlow) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY8 postcode area since 1995.

Recent Sales in SY8 (Ludlow)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Sheet Road, Ludlow, Shropshire, SY8 1LR£375,000£369,000-£6,00006 Dec 202316 May 2024162 Days
Southcot, Livesey Road, Ludlow, Shropshire, SY8 1EZ£435,000£435,000£0017 Jan 202415 May 2024119 Days
82 Vashon Close, Ludlow, Shropshire, SY8 1XG£195,000£190,000-£5,00028 Oct 202310 May 2024195 Days
6 Sycamore Close, Ludlow, Shropshire, SY8 2PE£215,000£210,000-£5,00010 Nov 202310 May 2024182 Days
12 St Julians Avenue, Ludlow, Shropshire, SY8 1ET£425,000£425,000£0026 Aug 202303 May 2024251 Days
5 Julian Road, Ludlow, Shropshire, SY8 1HA£499,000£475,000-£24,00024 Jun 202319 Apr 2024300 Days
7 Fishmore View, Ludlow, Shropshire, SY8 2PR£340,000£335,000-£5,00027 Sep 202315 Apr 2024201 Days
Mews View, St Marys Lane, Ludlow, Shropshire, SY8 1DZ£149,950£147,500-£2,45030 Nov 202304 Apr 2024126 Days
4 Badgers Rise, Coreley, Ludlow, Shropshire, SY8 3BD£530,000£515,000-£15,00027 Sep 202321 Mar 2024176 Days
37 Lower Broad Street, Ludlow, Shropshire, SY8 1PH£575,000£555,000-£20,00025 Dec 202321 Mar 202487 Days
25 Dahn Drive, Ludlow, Shropshire, SY8 1XZ£250,000£242,000-£8,00005 Dec 202321 Mar 2024107 Days
2 Whitbread Road, Ludlow, Shropshire, SY8 1HZ£210,000£205,000-£5,00021 Apr 202308 Mar 2024322 Days
The Nook, Millbrook Way, Orleton, Ludlow, Herefordshire, SY8 4HW£279,000£273,000-£6,00005 Oct 202329 Feb 2024147 Days
8 Dahn Drive, Ludlow, Shropshire, SY8 1XZ£185,000£185,000£0010 Jul 202323 Feb 2024228 Days
Swallowfield, Sheet Road, Ludlow, Shropshire, SY8 1SE£275,000£250,000-£25,00027 Sep 202301 Feb 2024127 Days
2 Clee View Close, Ludlow, Shropshire, SY8 1TH£280,000£280,000£0022 Jul 202331 Jan 2024193 Days
6 Jockey Field, Ludlow, Shropshire, SY8 1PU£315,000£282,500-£32,50021 Sep 202326 Jan 2024127 Days
The Cottage, Upper Linney, Ludlow, Shropshire, SY8 1EF£250,000£245,000-£5,00021 Aug 202326 Jan 2024158 Days
31 Dahn Drive, Ludlow, Shropshire, SY8 1XZ£295,000£280,000-£15,00010 Jul 202325 Jan 2024199 Days
9 Fishmore View, Ludlow, Shropshire, SY8 2PR£325,000£324,000-£1,00012 Aug 202323 Jan 2024164 Days

Most Expensive Streets in SY8 (Ludlow)

PostcodeStreetAreaAverageNo. of Sales
SY8 1NJBroad StreetLudlow£829,3754
SY8 1QAStarstile MeadowLudlow£815,0003
SY8 1EELinneyLudlow£717,8577
SY8 1BBMill StreetLudlow£700,4005
SY8 2AUThriftwicket Lane, Haytons BentLudlow£683,3333
SY8 4DJAshford BowdlerLudlow£679,5505
SY8 2HPLeinthall StarkesLudlow£672,1254
SY8 4HNOrletonLudlow£660,0004
SY8 1EJDinhamLudlow£650,0006
SY8 2DLElsich Court, SeiftonLudlow£621,6663

Least Expensive Streets in SY8 (Ludlow)

PostcodeStreetAreaAverageNo. of Sales
SY8 2BFRocks Green Crescent, Rock GreenLudlow£80,7506
SY8 1TZClifton Court, Old Street, LudlowLudlow£84,58618
SY8 1QWBurgess Court, Gravel HillLudlow£91,32227
SY8 2BLTeme Court, New Street, LudlowLudlow£91,8128
SY8 1FEDrapers House, Quality SquareLudlow£109,0003
SY8 1ATCastle StreetLudlow£112,7169
SY8 1ASCastle StreetLudlow£118,5004
SY8 2NHThe Villa, New Street, LudlowLudlow£118,6005
SY8 1STRock LaneLudlow£121,4287
SY8 1BZCollege CourtLudlow£135,72211

Explore SY8 (Ludlow) using map

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