According to the public record, The Oaks, Ludlow is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,278 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Coreley, Ludlow, SY8 is located within the SY8 postal district.
The Oaks, Ludlow has 21 entries in the Land Registry database, most recently in March 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for The Oaks Ludlow as £996,314 and the rental value as £2,530 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of The Oaks Ludlow has decreased by £8,499 (0.9%) and its rental value has increased by £37 per month (1.5%).
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 The Oaks, Ludlow is in very good condition we estimate a sale value of £1,046,130 and rental value of £2,656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £926,572 and a rental value of £2,353 per month.
If you were able to purchase this property for the estimated value of £996,314, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,897 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, The Oaks, Ludlow was last sold on 05 Mar 2021 for £583,385 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 18.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Oaks, Ludlow within a radius of 3.6km over the last 2 years.
The most recent example is Little Mayhill, Tenbury Wells, WR15 8NA, a Freehold house which sold for £875,000 in Sep 2021.
Read more about house prices in SY8.
Coreley, Ludlow, SY8 has a total of 70 addresses. According to our analysis of all the public data, The Oaks, Ludlow is the 15th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £655k more expensive than the average property in SY8.
The closest station to The Oaks, Ludlow is Ludlow station which is 9.3 km 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 The Oaks, Ludlow, 61.4% of property is privately owned outright and 22.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 The Oaks, Ludlow, 10.5% of residents are recorded as possessing school level qualifications and 34.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Oaks, 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 The Oaks, Ludlow, 1.0% 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 The Oaks, 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.