10, CEDAR CLOSE, MARKET DRAYTON, TF9 3HQ - £174,000

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.

10 CEDAR CLOSE is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £277,046. It was last sold for £174,000 in March 2014, which was around 34% below the average March 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

10 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 10 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 10 CEDAR CLOSE sales were 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
2014 10 MAR	£174,000	£262,078	34% below HPI
2011 29 JUL	£128,000	£254,729	50% below HPI
2001 4 MAY	£54,000	£134,606	60% below HPI

10 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The three 10 CEDAR CLOSE sales between May 2001 and March 2014 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 July 2011 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2014 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 10 CEDAR CLOSE be worth now?

10 CEDAR CLOSE might now be worth an estimated £277,046.

This is based on house price inflation of 59.2%, between March 2014 and February 2025, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.2% inflationary increase is applied to the most recent sale price for 10 CEDAR CLOSE of £174,000 on 10th March 2014. For the value to have increased from £174,000 to £277,046 over the eleven years and one month to February 2025, the following assumptions must hold true:

• The value of 10 CEDAR CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2014 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 10 CEDAR CLOSE has not materially changed since March 2014.

How Large is 10 CEDAR CLOSE?

10 CEDAR CLOSE is 59m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of detached houses houses in Market Drayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Drayton, and where 10 CEDAR CLOSE lies on this distribution: 4% of detached houses houses are smaller than 10 CEDAR CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

10 CEDAR CLOSE: Plot and Title Map

10 CEDAR CLOSE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 10 CEDAR CLOSE, 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 10 CEDAR CLOSE). 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 10 CEDAR CLOSE?

10 CEDAR CLOSE is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 10 on CEDAR CLOSE.