GRASMERE, CHRISTCHURCH LANE, MARKET DRAYTON, TF9 1DZ - £292,500

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.

GRASMERE is a midsized extended detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £469,372. It was last sold for £292,500 in November 2013, which was around 12% above the average November 2013 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

GRASMERE Sold Prices

Land registry data shows four sales for GRASMERE 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. Most of the four GRASMERE sales were for above 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
2013 1 NOV	£292,500	£260,041	12% above HPI
2007 6 DEC	£280,000	£283,523	1% below HPI
2001 20 JUL	£152,500	£138,555	10% above HPI
1998 26 JUN	£114,000	£98,938	15% above HPI

GRASMERE 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 GRASMERE sales between June 1998 and November 2013 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 December 2007 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2013 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might GRASMERE be worth now?

GRASMERE might now be worth an estimated £469,372.

This is based on house price inflation of 60.5%, between November 2013 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 60.5% inflationary increase is applied to the most recent sale price for GRASMERE of £292,500 on 1st November 2013. For the value to have increased from £292,500 to £469,372 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of GRASMERE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2013 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of GRASMERE has not materially changed since November 2013.

How Large is GRASMERE?

GRASMERE is 112m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 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 GRASMERE lies on this distribution: 47% of detached houses houses are smaller than GRASMERE, and 52% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

GRASMERE: Plot and Title Map

GRASMERE sits on a plot of roughly 0.267 of an acre, or 1,080m². The below map shows the location of GRASMERE, 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 GRASMERE). 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 GRASMERE?

GRASMERE is located on CHRISTCHURCH LANE in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of GRASMERE on CHRISTCHURCH LANE.