FREMAR, CLIVE ROAD, MARKET DRAYTON, TF9 3DJ - £280,000

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.

FREMAR is a midsized detached house of 119m², built sometime between 2003 and 2006, which could now be worth an estimated £390,537. It was last sold for £280,000 in December 2016, which was around 6% below the average December 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

FREMAR Sold Prices

Land registry data shows three sales for FREMAR since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three FREMAR 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
2016 19 DEC	£280,000	£299,177	6% below HPI
2006 31 MAR	£245,000	£250,412	2% below HPI
2004 22 JAN	£108,500	£216,361	50% below HPI

FREMAR 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 three FREMAR sales between January 2004 and December 2016 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 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might FREMAR be worth now?

FREMAR might now be worth an estimated £390,537.

This is based on house price inflation of 39.5%, between December 2016 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 39.5% inflationary increase is applied to the most recent sale price for FREMAR of £280,000 on 19th December 2016. For the value to have increased from £280,000 to £390,537 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of FREMAR has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The December 2016 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of FREMAR has not materially changed since December 2016.

How Large is FREMAR?

FREMAR is 119m² according to the EPC inspection conducted in September 2016. This puts it in the largest 50% 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 FREMAR lies on this distribution: 54% of detached houses houses are smaller than FREMAR, and 46% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

FREMAR: Plot and Title Map

FREMAR sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of FREMAR, 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 FREMAR). 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 FREMAR?

FREMAR is located on CLIVE ROAD in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of FREMAR on CLIVE ROAD.