1, PICASSO CLOSE, TELFORD, TF5 0PN - £210,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PICASSO CLOSE is a large extended detached house of 131m², built sometime between 1991 and 1995, which could now be worth an estimated £331,808. It was last sold for £210,000 in August 2008, which was around 3% below the average August 2008 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

1 PICASSO CLOSE Sold Prices

Land registry data shows four sales for 1 PICASSO CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. Most of the four 1 PICASSO CLOSE 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
2008 20 AUG	£210,000	£217,510	3% below HPI
2006 24 FEB	£217,000	£203,293	7% above HPI
2000 2 MAY	£103,000	£92,309	12% above HPI
1996 20 AUG	£88,245	£73,242	20% above HPI

1 PICASSO CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The four 1 PICASSO CLOSE sales between August 1996 and August 2008 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 February 2006 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2008 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 PICASSO CLOSE be worth now?

1 PICASSO CLOSE might now be worth an estimated £331,808.

This is based on house price inflation of 58%, between August 2008 and December 2024, for detached houses, in the Telford and Wrekin local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58% inflationary increase is applied to the most recent sale price for 1 PICASSO CLOSE of £210,000 on 20th August 2008. For the value to have increased from £210,000 to £331,808 over the fifteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 1 PICASSO CLOSE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The August 2008 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PICASSO CLOSE has not materially changed since August 2008.

How Large is 1 PICASSO CLOSE?

1 PICASSO CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where 1 PICASSO CLOSE lies on this distribution: 72% of detached houses houses are smaller than 1 PICASSO CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Telford.

1 PICASSO CLOSE: Plot and Title Map

1 PICASSO CLOSE sits on a plot of roughly 0.162 of an acre, or 656m². The below map shows the location of 1 PICASSO CLOSE, 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 1 PICASSO CLOSE). 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 1 PICASSO CLOSE?

1 PICASSO CLOSE is located in TELFORD, in the TF5 postcode district. The below map shows the position of No. 1 on PICASSO CLOSE.