NEWLANDS, RECTORY LANE, ADDERLEY, MARKET DRAYTON, TF9 3TL - £283,950

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.

NEWLANDS is a very small extended detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £370,370. It was last sold for £283,950 in September 2018, which was around 11% below the average September 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two NEWLANDS 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
2018 28 SEP	£283,950	£319,918	11% below HPI
2013 12 JUL	£187,000	£259,687	28% below HPI

NEWLANDS 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 two NEWLANDS sales from July 2013 and September 2018 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 July 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2018 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £370,370.

This is based on house price inflation of 30.4%, between September 2018 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 30.4% inflationary increase is applied to the most recent sale price for NEWLANDS of £283,950 on 28th September 2018. For the value to have increased from £283,950 to £370,370 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2018 sale price of £283,950 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since September 2018.

How Large is NEWLANDS?

NEWLANDS is 100m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% 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 NEWLANDS lies on this distribution: 9% of detached houses houses are smaller than NEWLANDS, and 91% of houses are larger. Note that EPC data is not available for all properties in Adderley.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.234 of an acre, or 946m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on RECTORY LANE in ADDERLEY, in the TF9 postcode district. The below map shows the position of NEWLANDS on RECTORY LANE.