THE OAKLANDS, NEWTOWN, MARKET DRAYTON, TF9 1JU - £295,000

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 OAKLANDS is a large extended detached house of 147m², built sometime from 2007 onwards. It was last sold for £295,000 in February 2023, which was around 25% below the average February 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

THE OAKLANDS Sold Prices

Land registry data shows three sales for THE OAKLANDS 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 OAKLANDS 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
2023 10 FEB	£295,000	£394,297	25% below HPI
2021 19 MAY	£230,000	£334,214	31% below HPI
2001 28 JUN	£60,000	£133,817	55% below HPI

THE OAKLANDS 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 OAKLANDS sales between June 2001 and February 2023 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 2021 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THE OAKLANDS?

THE OAKLANDS is 147m², which includes four extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% 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 OAKLANDS lies on this distribution: 79% of detached houses are smaller than THE OAKLANDS, and 21% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

THE OAKLANDS: Plot and Title Map

THE OAKLANDS sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of THE OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

THE OAKLANDS is located on NEWTOWN in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of THE OAKLANDS on NEWTOWN.