2, LUDLOW WAY, DUDLEY, DY1 2SU - £316,750

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 LUDLOW WAY is a large extended detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £418,573. It was last sold for £316,750 in July 2019, which was around 20% above the average July 2019 detached price in the Dudley local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

2 LUDLOW WAY Sold Prices

Land registry data shows two sales for 2 LUDLOW WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. One of the two 2 LUDLOW WAY sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 12 JUL	£316,750	£264,161	20% above HPI
2006 30 JUN	£192,000	£196,944	3% below HPI

2 LUDLOW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 2 LUDLOW WAY sales from June 2006 and July 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2019 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 LUDLOW WAY be worth now?

2 LUDLOW WAY might now be worth an estimated £418,573.

This is based on house price inflation of 32.1%, between July 2019 and July 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.1% inflationary increase is applied to the most recent sale price for 2 LUDLOW WAY of £316,750 on 12th July 2019. For the value to have increased from £316,750 to £418,573 over the six years to July 2025, the following assumptions must hold true:

• The value of 2 LUDLOW WAY has moved in line with the HPI for detached houses in the Dudley local authority area.
• The July 2019 sale price of £316,750 represented a fair market value for the property.
• The size, condition, and specification of 2 LUDLOW WAY has not materially changed since July 2019.

How Large is 2 LUDLOW WAY?

2 LUDLOW WAY is 124m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in Dudley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dudley, and where 2 LUDLOW WAY lies on this distribution: 77% of detached houses houses are smaller than 2 LUDLOW WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Dudley.

2 LUDLOW WAY: Plot and Title Map

2 LUDLOW WAY sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 2 LUDLOW WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 LUDLOW WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 LUDLOW WAY?

2 LUDLOW WAY is located in DUDLEY, in the DY1 postcode district. The below map shows the position of No. 2 on LUDLOW WAY.