Market Drayton

Area Guide For Market Drayton

Market Drayton is a little market town in north Shropshire, England, near to the Welsh Border. It is on the River Tern, in the middle of Shrewsbury and Stoke-on-Trent, and was earlier known as "Drayton in Hales" (c. 1868) and prior essentially as "Drayton" (c. 1695). Market Drayton is on the Shropshire Union Canal and on Regional Cycle Route 75. The A53 street by-passes the town. The regions of Staffordshire and Cheshire are both close by. In 1965, frankfurter creator Palethorpe's constructed another manufacturing plant utilizing 400 individuals in the town. Acquired by Northern Foods in 1990, the organization was combined with Bowyers of Trowbridge, Wiltshire and Pork Farms of Nottingham to structure Pork Farms Bowyers. The wiener brand was sold in 2001 to Kerry Group, yet the manufacturing plant stays open right up 'til today as the town's biggest head honcho. It delivers different meat based and chilled sustenance items, under both the Pork Farms brand and for outsiders, including Asda.


Market Drayton Map

Estimated Price: £231,559
Average Asking Price: £276,823
Price change in last one year: £12,357
Average Price Paid: £202,234
Average Rent Rates: £733


Property Prices Breakdown in Market Drayton

Average Price for property in Market Drayton is around £231,559 which varies based on type of property you are interested in and ranges from £299,351 for detached house to around £161,155 for semi-detached. Similarly terraced house is around £150,552 and a flat is worth £111,680. Values have been changing and have risen £692 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,484 in last 6 months, £12,357 in last 1 year, £19,555 in last 2 years, £21,793 in last 3 years, £17,731 in last 4 years and £20,563 in last 5 years.

Currently average asking price of a property in Market Drayton is around £276,823 based on approximately 293 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £733 per month.

Estimated property value in Market Drayton is £231,559. Average asking price is £276,823 while average price paid is £204,637 which is up by £12,357 and Avg. asking rent £733.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Market Drayton area. In last 1 year alone average price buyer paid is around £204,637 based on approximately 293 sales in Market Drayton area alone. If you compare it to last 3 years sales of 835 properties where buyers paid around £203,100. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £202,234 for 1,271 and average amount paid for purchase of approx. 1,690 properties sold in last 7 years comes to about £203,780 per sale.


Properties For Sale in Market Drayton


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £259,950, £145,838 for a 2 bedroom house, £212,546 for a 3 bedroom house, £327,730 for a 4 bedroom house and £448,584 for a 5 bedroom house. For a flat similarly the prices varies from £70,632 for a single bedroom to £101,064 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £217,475. To sum up the asking prices for properties in Market Drayton it comes to around average £97,678 for 1 bedroom property, £137,043 for 2 bedroom, £212,632 for 3 bedroom, £327,730 for 4 bedroom and £448,584 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £325 for 1 bedroom to £517 for 2 bedroom, £672 for 3 bedroom and £1,352 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £359. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £457 and £451 for 3 bedroom. You should be generally be expecting around average £353 rent per month for single bedroom property, £497 for 2 bedroom, £644 for 3 bedroom and approximately £1,352 for 4 bedroom property in Market Drayton area.

Popular Houses in Market Drayton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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