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House Prices in SY8 House Prices in SY8 (Ludlow)

The average house price in SY8 (Ludlow) is £279,508 using HM Land Registry data.

The average property price increased by £12,843 (38.04%) over the last 5 years and increased by £2,573 (5.31%) over the last 12 months.

Over the last year, there were 198 residential property sales – a decrease of 111 transactions (-56.06%) relative to the previous year. The majority of house sales (61) were in the £150,000 - £240,000 range. Then came properties in the £240,000 - £330,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,463 (-2%).

In Dec 24, there were 17 new estate agency instructions, 14 agreed home sales and 10 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) - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
118 Old Street, Ludlow, Shropshire, SY8 1NX£250,000£247,000-£3,00013 Jun 202419 Nov 2024159 Days
71 Bringewood Rise, Ludlow, Shropshire, SY8 2NE£375,000£375,000£0026 Apr 202419 Nov 2024207 Days
22 Henley Road, Ludlow, Shropshire, SY8 1RA£269,000£258,000-£11,00010 May 202418 Nov 2024192 Days
8 Weeping Cross Lane, Ludlow, Shropshire, SY8 1JH£225,000£220,000-£5,00005 Jul 202430 Oct 2024117 Days
38 Livesey Avenue, Ludlow, Shropshire, SY8 1HN£250,000£240,000-£10,00016 Mar 202428 Oct 2024226 Days
66 Vashon Close, Ludlow, Shropshire, SY8 1XG£270,000£270,000£0019 May 202425 Oct 2024159 Days
Taddybrook, Wyson, Brimfield, Ludlow, Herefordshire, SY8 4NQ£249,950£235,000-£14,95025 Apr 202425 Oct 2024183 Days
149 Old Street, Ludlow, Shropshire, SY8 1NZ£199,000£190,000-£9,00018 Jul 202418 Oct 202492 Days
8 Hucklemarsh Road, Ludlow, Shropshire, SY8 2PW£195,000£190,000-£5,00021 Jun 202418 Oct 2024119 Days
5 Elm Walk, Ludlow, Shropshire, SY8 2LX£169,950£165,000-£4,95004 Jun 202416 Aug 202473 Days
33 Blashfield Road, Ludlow, Shropshire, SY8 1UE£295,000£295,000£0020 Apr 202401 Aug 2024103 Days
3 Elm Walk, Ludlow, Shropshire, SY8 2LX£179,950£177,500-£2,45029 Feb 202422 Jul 2024144 Days
Coach Cottage, Gravel Hill, Ludlow, Shropshire, SY8 1QU£250,000£235,000-£15,00009 Aug 202318 Jul 2024344 Days
3 Stanton Road, Ludlow, Shropshire, SY8 2LR£325,000£315,000-£10,00003 Apr 202418 Jul 2024106 Days
85 Greenacres, Ludlow, Shropshire, SY8 1LZ£230,000£215,000-£15,00028 Nov 202312 Jul 2024227 Days
20 Lime Close, Ludlow, Shropshire, SY8 2PP£175,000£170,000-£5,00029 Apr 202412 Jul 202474 Days
Jesmond, St Julians Avenue, Ludlow, Shropshire, SY8 1ET£650,000£610,000-£40,00014 Sep 202303 Jul 2024293 Days
25 St Michaels Gate, Brimfield, Ludlow, Herefordshire, SY8 4PB£250,000£242,500-£7,50003 Feb 202402 Jul 2024150 Days
10 St Margaret Road, Ludlow, Shropshire, SY8 1XN£335,000£326,000-£9,00006 Feb 202401 Jul 2024146 Days
7 St Stephens Close, Ludlow, Shropshire, SY8 1QQ£219,950£210,000-£9,95011 Apr 202428 Jun 202478 Days

Most Expensive Streets in SY8 (Ludlow)

PostcodeStreetAreaAverageNo. of Sales
SY8 1NJBroad StreetLudlow£829,3754
SY8 1QAStarstile MeadowLudlow£815,0003
SY8 2HPLeinthall StarkesLudlow£765,6663
SY8 1EELinneyLudlow£740,8339
SY8 4DJAshford BowdlerLudlow£711,1254
SY8 1BBMill StreetLudlow£688,0004
SY8 2AUThriftwicket Lane, Haytons BentLudlow£683,3333
SY8 4LGBleathwoodLudlow£651,6663
SY8 1EJDinhamLudlow£650,0006
SY8 4HNOrletonLudlow£637,8754

Least Expensive Streets in SY8 (Ludlow)

PostcodeStreetAreaAverageNo. of Sales
SY8 2BFRocks Green Crescent, Rock GreenLudlow£80,7506
SY8 1TZClifton Court, Old Street, LudlowLudlow£89,13419
SY8 1QWBurgess Court, Gravel HillLudlow£93,74825
SY8 2BLTeme Court, New Street, LudlowLudlow£94,9287
SY8 1FEDrapers House, Quality SquareLudlow£109,0003
SY8 1ATCastle StreetLudlow£116,0509
SY8 1RLTower StreetLudlow£123,9874
SY8 1ASCastle StreetLudlow£124,8005
SY8 1BZCollege CourtLudlow£132,09011
SY8 1STRock LaneLudlow£133,6258

Explore SY8 (Ludlow) using map

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