THE BEECHES, MAER LANE, MARKET DRAYTON, TF9 3AL - £265,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE BEECHES is a large extended detached house of 129m², built sometime between 1950 and 1966. It was last sold for £265,000 in June 2021, which was around 22% below the average June 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

THE BEECHES Sold Prices

Land registry data shows three sales for THE BEECHES 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 THE BEECHES 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
2021 25 JUN	£265,000	£341,731	22% below HPI
2004 10 MAY	£187,500	£214,672	13% below HPI
2002 12 DEC	£145,000	£177,944	19% below HPI

THE BEECHES 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 THE BEECHES sales between December 2002 and June 2021 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 May 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is THE BEECHES?

THE BEECHES is 129m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses in Market Drayton, based on EPC data. The below chart shows the distribution of detached houses by size in Market Drayton, and where THE BEECHES lies on this distribution: 61% of detached houses are smaller than THE BEECHES, and 38% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of THE BEECHES, 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 THE BEECHES). 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 THE BEECHES?

THE BEECHES is located on MAER LANE in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of THE BEECHES on MAER LANE.