5, CHANCEL DRIVE, MARKET DRAYTON, TF9 3QT - £256,000

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.

5 CHANCEL DRIVE is a very small extended detached house of 79m², built sometime between 2003 and 2006, which could now be worth an estimated £273,713. It was last sold for £256,000 in July 2022, which was around 34% below the average July 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

5 CHANCEL DRIVE Sold Prices

Land registry data shows four sales for 5 CHANCEL DRIVE 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 5 CHANCEL DRIVE 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
2022 4 JUL	£256,000	£390,281	34% below HPI
2016 22 JAN	£162,000	£289,393	44% below HPI
2000 21 JAN	£72,500	£110,653	34% below HPI
1999 18 JUN	£72,950	£104,891	30% below HPI

5 CHANCEL DRIVE 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 5 CHANCEL DRIVE sales between June 1999 and July 2022 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 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 CHANCEL DRIVE be worth now?

5 CHANCEL DRIVE might now be worth an estimated £273,713.

This is based on house price inflation of 6.9%, between July 2022 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 6.9% inflationary increase is applied to the most recent sale price for 5 CHANCEL DRIVE of £256,000 on 4th July 2022. For the value to have increased from £256,000 to £273,713 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 5 CHANCEL DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2022 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHANCEL DRIVE has not materially changed since July 2022.

How Large is 5 CHANCEL DRIVE?

5 CHANCEL DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% 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 5 CHANCEL DRIVE lies on this distribution: 18% of detached houses houses are smaller than 5 CHANCEL DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

5 CHANCEL DRIVE: Plot and Title Map

5 CHANCEL DRIVE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 5 CHANCEL DRIVE, 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 5 CHANCEL DRIVE). 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 5 CHANCEL DRIVE?

5 CHANCEL DRIVE is located in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of No. 5 on CHANCEL DRIVE.