OFFAS RISE, PRESTEIGNE ROAD, KNIGHTON, LD7 1HY - £245,000

OFFAS RISE is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £245,000 in August 2020, which was around 5% below the average August 2020 detached price in the Powys local authority area. The most recent EPC inspection was November 2010, where the current energy rating was C, and the potential energy rating was C.

OFFAS RISE Sold Prices

Land registry data shows three sales for OFFAS RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Powys local authority area for the corresponding sale date. One of the three OFFAS RISE sales was for below the average price, whilst two were for above 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
2020 4 AUG	£245,000	£257,479	5% below HPI
2014 29 JAN	£220,000	£210,012	5% above HPI
2000 21 JUN	£132,500	£89,551	48% above HPI

OFFAS RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The three OFFAS RISE sales between June 2000 and August 2020 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 January 2014 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is OFFAS RISE?

OFFAS RISE is 94m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 40% of detached houses in Knighton, based on EPC data. The below chart shows the distribution of detached houses by size in Knighton, and where OFFAS RISE lies on this distribution: 36% of detached houses are smaller than OFFAS RISE, and 64% of houses are larger. Note that EPC data is not available for all properties in Knighton.

OFFAS RISE: Plot and Title Map

OFFAS RISE sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of OFFAS RISE, 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 OFFAS RISE). 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 OFFAS RISE?

OFFAS RISE is located on PRESTEIGNE ROAD in KNIGHTON, in the LD7 postcode district. The below map shows the position of OFFAS RISE on PRESTEIGNE ROAD.