THE OLD FORGE, STAFFORD STREET, MARKET DRAYTON, TF9 1HE - £263,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE OLD FORGE is a large extended detached house of 141m², built sometime before 1900. It was last sold for £263,500 in November 2021, which was around 25% below the average November 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was C.

THE OLD FORGE Sold Prices

Land registry data shows two sales for THE OLD FORGE 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 OLD FORGE 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 19 NOV	£263,500	£351,941	25% below HPI
2017 27 SEP	£190,000	£295,256	36% below HPI

THE OLD FORGE 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 OLD FORGE sales from September 2017 and November 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 September 2017 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THE OLD FORGE?

THE OLD FORGE is 141m², which includes one extension, according to the EPC inspection conducted in April 2017. 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 OLD FORGE lies on this distribution: 71% of detached houses are smaller than THE OLD FORGE, and 29% of houses are larger. Note that EPC data is not available for all properties in Market Drayton.

THE OLD FORGE: Plot and Title Map

THE OLD FORGE sits on a plot of roughly 0.191 of an acre, or 772m². The below map shows the location of THE OLD FORGE, 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 OLD FORGE). 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 OLD FORGE?

THE OLD FORGE is located on STAFFORD STREET in MARKET DRAYTON, in the TF9 postcode district. The below map shows the position of THE OLD FORGE on STAFFORD STREET.