1, REES WAY, LAWLEY VILLAGE, TELFORD, TF4 2GN - £245,000

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

1 REES WAY is a very small detached house of 84m². It was last sold for £245,000 in October 2021, which was around 20% below the average October 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was C.

1 REES WAY Sold Prices

Land registry data shows two sales for 1 REES WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. Both of the two 1 REES WAY 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 15 OCT	£245,000	£305,353	20% below HPI
2016 26 AUG	£190,000	£233,142	19% below HPI

1 REES WAY 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 two 1 REES WAY sales from August 2016 and October 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 August 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 REES WAY?

1 REES WAY is 84m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 1 REES WAY lies on this distribution: 14% of detached houses are smaller than 1 REES WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Telford.

1 REES WAY: Plot and Title Map

1 REES WAY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 1 REES WAY, 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 REES WAY). 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 REES WAY?

1 REES WAY is located in LAWLEY VILLAGE, in the TF4 postcode district. The below map shows the position of No. 1 on REES WAY.