2, MONKSFIELD, MARKET DRAYTON, TF9 3QU - £212,000

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.

2 MONKSFIELD is a small extended detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £287,215. It was last sold for £212,000 in February 2018, which was around 31% below the average February 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

2 MONKSFIELD Sold Prices

Land registry data shows three sales for 2 MONKSFIELD 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 2 MONKSFIELD 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
2018 23 FEB	£212,000	£308,008	31% below HPI
2018 26 JAN	£220,000	£305,975	28% below HPI
1999 10 SEP	£77,950	£111,669	30% below HPI

2 MONKSFIELD 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 2 MONKSFIELD sales between September 1999 and February 2018 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 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 MONKSFIELD be worth now?

2 MONKSFIELD might now be worth an estimated £287,215.

This is based on house price inflation of 35.5%, between February 2018 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 35.5% inflationary increase is applied to the most recent sale price for 2 MONKSFIELD of £212,000 on 23rd February 2018. For the value to have increased from £212,000 to £287,215 over the seven years to February 2025, the following assumptions must hold true:

• The value of 2 MONKSFIELD has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2018 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONKSFIELD has not materially changed since February 2018.

How Large is 2 MONKSFIELD?

2 MONKSFIELD is 93m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% 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 2 MONKSFIELD lies on this distribution: 28% of detached houses houses are smaller than 2 MONKSFIELD, and 72% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

2 MONKSFIELD: Plot and Title Map

2 MONKSFIELD sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 2 MONKSFIELD, 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 MONKSFIELD). 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 MONKSFIELD?

2 MONKSFIELD is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 2 on MONKSFIELD.