48, PROSPECT ROAD, MARKET DRAYTON, TF9 3BH - £325,000

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

48 PROSPECT ROAD is a very small extended detached house of 83m², built sometime between 1950 and 1966. It was last sold for £325,000 in October 2023, which was around 17% below the average October 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

48 PROSPECT ROAD Sold Prices

Land registry data shows four sales for 48 PROSPECT ROAD 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 48 PROSPECT ROAD 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 31 OCT	£325,000	£392,608	17% below HPI
2018 21 NOV	£245,000	£308,838	21% below HPI
2011 2 DEC	£174,000	£247,579	30% below HPI
2001 3 AUG	£86,000	£137,742	38% below HPI

48 PROSPECT ROAD 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 48 PROSPECT ROAD sales between August 2001 and October 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 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 48 PROSPECT ROAD?

48 PROSPECT ROAD is 83m², which includes one extension, according to the EPC inspection conducted in October 2017. 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 48 PROSPECT ROAD lies on this distribution: 19% of detached houses are smaller than 48 PROSPECT ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

48 PROSPECT ROAD: Plot and Title Map

48 PROSPECT ROAD sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 48 PROSPECT ROAD, 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 48 PROSPECT ROAD). 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 48 PROSPECT ROAD?

48 PROSPECT ROAD is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 48 on PROSPECT ROAD.