131, MAJESTIC WAY, TELFORD, TF4 3TW - £248,000

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

131 MAJESTIC WAY is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £248,000 in June 2021, which was around 17% below the average June 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

131 MAJESTIC WAY Sold Prices

Land registry data shows three sales for 131 MAJESTIC WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the three 131 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
2021 23 JUN	£248,000	£298,294	17% below HPI
2019 12 FEB	£225,000	£257,719	13% below HPI
1999 10 DEC	£79,950	£88,161	9% below HPI

131 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 three 131 MAJESTIC WAY sales between December 1999 and June 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 February 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 131 MAJESTIC WAY?

131 MAJESTIC WAY is 99m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 131 MAJESTIC WAY lies on this distribution: 31% of detached houses are smaller than 131 MAJESTIC WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Telford.

131 MAJESTIC WAY: Plot and Title Map

131 MAJESTIC WAY sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 131 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 131 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 131 MAJESTIC WAY?

131 MAJESTIC WAY is located in TELFORD, in the TF4 postcode district. The below map shows the position of No. 131 on MAJESTIC WAY.