THE LODGE, WOOD LANE, HINSTOCK, MARKET DRAYTON, TF9 2TA - £425,000

THE LODGE is a very small detached house of 94m², built sometime between 1991 and 1995. It was last sold for £425,000 in March 2019, which was around 37% above the average March 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2010, where the current energy rating was G, and the potential energy rating was E.

THE LODGE Sold Prices

Land registry data shows four sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four THE LODGE sales were for above 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
2019 22 MAR	£425,000	£310,123	37% above HPI
2010 3 DEC	£295,000	£252,080	17% above HPI
2010 29 JUL	£300,000	£259,736	16% above HPI
1997 20 OCT	£160,000	£94,569	69% above HPI

THE LODGE 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 four THE LODGE sales between October 1997 and March 2019 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 December 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the March 2019 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is THE LODGE?

THE LODGE is 94m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Hinstock, based on EPC data. The below chart shows the distribution of detached houses by size in Hinstock, and where THE LODGE lies on this distribution: 9% of detached houses are smaller than THE LODGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Hinstock.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.254 of an acre, or 1,030m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on WOOD LANE in HINSTOCK, in the TF9 postcode district. The below map shows the position of THE LODGE on WOOD LANE.