24, MAER LANE, MARKET DRAYTON, TF9 3AL - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 MAER LANE is a large extended detached house of 128m², built sometime between 1976 and 1982. It was last sold for £375,000 in July 2023, which was around 4% below the average July 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was B, and the potential energy rating was B.

24 MAER LANE Sold Prices

Land registry data shows four sales for 24 MAER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 24 MAER LANE 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
2023 28 JUL	£375,000	£388,653	4% below HPI
2010 18 NOV	£250,000	£259,221	4% below HPI
2005 17 JUN	£225,000	£234,992	4% below HPI
1997 27 MAR	£86,250	£87,321	1% below HPI

24 MAER LANE 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 four 24 MAER LANE sales between March 1997 and July 2023 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 November 2010 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2023 sale, which was also at 4% below the HPI.

How Large is 24 MAER LANE?

24 MAER LANE is 128m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Market Drayton, based on EPC data. The below chart shows the distribution of detached houses by size in Market Drayton, and where 24 MAER LANE lies on this distribution: 61% of detached houses are smaller than 24 MAER LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

24 MAER LANE: Plot and Title Map

24 MAER LANE sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of 24 MAER LANE, 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 24 MAER LANE). 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 24 MAER LANE?

24 MAER LANE is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 24 on MAER LANE.