122, MAJESTIC WAY, TELFORD, TF4 3SA - £308,000

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

122 MAJESTIC WAY is a midsized extended detached house of 113m², built sometime between 1991 and 1995. It was last sold for £308,000 in August 2023, which was around 10% below the average August 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

122 MAJESTIC WAY Sold Prices

Land registry data shows two sales for 122 MAJESTIC 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 122 MAJESTIC 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
2023 30 AUG	£308,000	£341,177	10% below HPI
2008 15 FEB	£195,000	£231,724	16% below HPI

122 MAJESTIC 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 122 MAJESTIC WAY sales from February 2008 and August 2023 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 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 122 MAJESTIC WAY?

122 MAJESTIC WAY is 113m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 50% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 122 MAJESTIC WAY lies on this distribution: 49% of detached houses are smaller than 122 MAJESTIC WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Telford.

122 MAJESTIC WAY: Plot and Title Map

122 MAJESTIC WAY sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 122 MAJESTIC 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 122 MAJESTIC 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 122 MAJESTIC WAY?

122 MAJESTIC WAY is located in TELFORD, in the TF4 postcode district. The below map shows the position of No. 122 on MAJESTIC WAY.