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Ludlow House Prices Ludlow House Prices

The average house price in Ludlow is £339,000 using HM Land Registry data.

The average property price increased by £34,824 (14.95%) over the last 5 years and increased by £6,960 (2.67%) over the last 12 months.

Over the last year, there were 149 residential property sales – a decrease of 75 transactions (-50.34%) relative to the previous year. The majority of house sales (44) were in the £172,000 - £234,000 range. Then came properties in the £110,000 - £172,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,938 (-3%).

In April 2024, there were 38 new estate agency instructions, 25 agreed home sales and 14 property price reductions.

Postcodes Covered: SY8

5-Year Average Property Prices in Ludlow

14.95%

Property prices in Ludlow increased by 14.95% 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 Ludlow Over the Last Year

2.67%

Property prices in Ludlow increased by 2.67% 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 Ludlow - April 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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 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 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 Ludlow since 1995

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

Recent Property Sales in Ludlow

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
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
13 Kennet Bank, Ludlow, Shropshire, SY8 1LL£230,000£230,000£0002 Jul 202323 Jan 2024205 Days
17 Julian Road, Ludlow, Shropshire, SY8 1HA£480,000£475,000-£5,00027 Sep 202309 Jan 2024104 Days
Flat 5, Burgess Court, Gravel Hill, Ludlow, Shropshire, SY8 1QW£95,000£95,000£0003 Aug 202308 Jan 2024158 Days
101 Old Street, Ludlow, Shropshire, SY8 1NU£179,950£172,000-£7,95009 May 202305 Jan 2024241 Days
Rhosymedre, Linney, Ludlow, Shropshire, SY8 1EE£675,000£650,000-£25,00005 Sep 202321 Dec 2023107 Days
26 Toll Gate Road, Ludlow, Shropshire, SY8 1TQ£220,000£220,000£0017 Oct 202319 Dec 202363 Days
31 Fishmore View, Ludlow, Shropshire, SY8 2PR£375,000£367,500-£7,50005 Sep 202314 Dec 2023100 Days
5 St Milborough Close, Ludlow, Shropshire, SY8 1XS£345,000£345,000£0017 Jul 202312 Dec 2023148 Days
7 Elm Walk, Ludlow, Shropshire, SY8 2LX£177,000£177,000£0027 May 202316 Nov 2023173 Days
120 Dahn Drive, Ludlow, Shropshire, SY8 1YG£185,000£177,000-£8,00029 Apr 202315 Nov 2023200 Days
19 Baker Close, Ludlow, Shropshire, SY8 1XJ£175,000£175,000£0011 May 202315 Nov 2023188 Days
17 Dahn Drive, Ludlow, Shropshire, SY8 1XZ£175,000£175,000£0008 Aug 202327 Oct 202380 Days
Flat 45, Burgess Court, Gravel Hill, Ludlow, Shropshire, SY8 1QW£145,000£142,000-£3,00022 Apr 202324 Oct 2023185 Days

Most Expensive Streets in Ludlow

PostcodeStreetAreaAverageNo. of Sales
SY8 1NJBroad StreetLudlow£829,3754
SY8 1QAStarstile MeadowLudlow£815,0003
SY8 1EELinneyLudlow£717,8577
SY8 1BBMill StreetLudlow£700,4005
SY8 1EJDinhamLudlow£650,0006
SY8 1QUGravel HillLudlow£620,0003
SY8 1BGMill StreetLudlow£613,7504
SY8 1DACorve StreetLudlow£549,3333
SY8 1QYBromley RoadLudlow£500,0003
SY8 1EXLivesey RoadLudlow£498,6254

Least Expensive Streets in Ludlow

PostcodeStreetAreaAverageNo. of Sales
SY8 1TZClifton CourtOld Street, Ludlow£85,87720
SY8 1QWBurgess CourtGravel Hill£90,63228
SY8 2BLTeme CourtNew Street, Ludlow£91,8128
SY8 1FEDrapers HouseQuality Square£109,0003
SY8 1ATCastle StreetLudlow£112,7169
SY8 1ASCastle StreetLudlow£118,5004
SY8 2NHThe VillaNew Street, Ludlow£118,6005
SY8 1STRock LaneLudlow£121,4287
SY8 1BZCollege CourtLudlow£135,72211
SY8 1RLTower StreetLudlow£137,6503

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