THE BUNGALOW, SMITHFIELD ROAD, MARKET DRAYTON, TF9 1EP - £166,000

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 BUNGALOW is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £166,000 in May 2016, which was around 40% below the average May 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 THE BUNGALOW 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 3 MAY	£166,000	£278,524	40% below HPI
2014 14 FEB	£138,000	£252,135	45% below HPI

THE BUNGALOW 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 THE BUNGALOW sales from February 2014 and May 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 February 2014 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2016 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 69m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% 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 BUNGALOW lies on this distribution: 10% of detached houses are smaller than THE BUNGALOW, and 89% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of THE BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

THE BUNGALOW is located on SMITHFIELD ROAD in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of THE BUNGALOW on SMITHFIELD ROAD.