8, CORBET DRIVE, ADDERLEY, MARKET DRAYTON, TF9 3LW - £295,000

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.

8 CORBET DRIVE is a midsized extended detached house of 146m², built sometime between 1976 and 1982, which could now be worth an estimated £368,342. It was last sold for £295,000 in September 2020, which was around 12% below the average September 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

8 CORBET DRIVE Sold Prices

Land registry data shows five sales for 8 CORBET DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Most of the five 8 CORBET 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
2020 15 SEP	£295,000	£334,198	12% below HPI
2017 13 OCT	£248,000	£304,453	19% below HPI
2013 10 OCT	£285,000	£263,816	8% above HPI
2007 13 AUG	£280,000	£282,146	1% below HPI
1999 5 NOV	£89,000	£111,846	20% below HPI

8 CORBET 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 five 8 CORBET DRIVE sales between November 1999 and September 2020 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 October 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2020 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 CORBET DRIVE be worth now?

8 CORBET DRIVE might now be worth an estimated £368,342.

This is based on house price inflation of 24.9%, between September 2020 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 24.9% inflationary increase is applied to the most recent sale price for 8 CORBET DRIVE of £295,000 on 15th September 2020. For the value to have increased from £295,000 to £368,342 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 CORBET DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CORBET DRIVE has not materially changed since September 2020.

How Large is 8 CORBET DRIVE?

8 CORBET DRIVE is 146m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 50% of detached houses houses in Adderley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Adderley, and where 8 CORBET DRIVE lies on this distribution: 44% of detached houses houses are smaller than 8 CORBET DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Adderley.

8 CORBET DRIVE: Plot and Title Map

8 CORBET DRIVE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 8 CORBET 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 8 CORBET 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 8 CORBET DRIVE?

8 CORBET DRIVE is located in ADDERLEY, in the TF9 postcode district. The below map shows the position of No. 8 on CORBET DRIVE.