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

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.

THE BUNGALOW is a very small detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £241,944. It was last sold for £166,000 in May 2016, which was around 42% 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	£286,303	42% below HPI
2014 14 FEB	£138,000	£259,178	47% 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 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2016 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £241,944.

This is based on house price inflation of 45.7%, between May 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 45.7% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £166,000 on 3rd May 2016. For the value to have increased from £166,000 to £241,944 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The May 2016 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since May 2016.

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 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 THE BUNGALOW lies on this distribution: 11% of detached houses 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.