According to the public record, 23, Mercian Court, Market Drayton is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mercian Court, Market Drayton, TF9 is located within the TF9 postal district.
23, Mercian Court, Market Drayton has 31 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated December 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 23 Mercian Court Market Drayton as £102,892 and the rental value as £633 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 23 Mercian Court Market Drayton has increased by £3,335 (3.2%) and its rental value has increased by £47 per month (7.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 23, Mercian Court, Market Drayton is in very good condition we estimate a sale value of £108,037 and rental value of £664 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £95,690 and a rental value of £589 per month.
If you were able to purchase this property for the estimated value of £102,892, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £506 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 23, Mercian Court, Market Drayton was last sold on 30 Jun 2023 for £105,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2023, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Mercian Court, Market Drayton within a radius of 630 metres over the last 2 years.
The most recent example is 35, Mercian Court, Market Drayton, TF9 1PB, a Leasehold flat which sold for £112,500 in Jan 2024.
Read more about house prices in TF9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercian Court, Market Drayton, TF9 has a total of 43 addresses. According to our analysis of all the public data, 23, Mercian Court, Market Drayton is the 33rd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in TF9.
23, Mercian Court, Market Drayton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Dec 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 23, Mercian Court, Market Drayton is Prees station which is 13.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 23, Mercian Court, Market Drayton, 51.0% of property is privately owned outright and 22.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 23, Mercian Court, Market Drayton, 11.2% of residents are recorded as possessing school level qualifications and 25.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 23, Mercian Court, Market Drayton, the average age was 43.2 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 23, Mercian Court, Market Drayton, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 23, Mercian Court, Market Drayton, there are an average of 1.1 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.