31, MAER LANE, MARKET DRAYTON, TF9 1QY - £147,500

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

31 MAER LANE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £147,500 in October 2019, which was around 53% below the average October 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

31 MAER LANE Sold Prices

Land registry data shows two sales for 31 MAER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 31 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
2019 4 OCT	£147,500	£316,667	53% below HPI
1997 27 MAR	£51,500	£87,321	41% below HPI

31 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 two 31 MAER LANE sales from March 1997 and October 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 March 1997 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2019 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 31 MAER LANE?

31 MAER LANE is 70m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 20% 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 31 MAER LANE lies on this distribution: 11% of detached houses are smaller than 31 MAER LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

31 MAER LANE: Plot and Title Map

31 MAER LANE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 31 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 31 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 31 MAER LANE?

31 MAER LANE is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 31 on MAER LANE.