15, REES WAY, LAWLEY VILLAGE, TELFORD, TF4 2GN - £305,000

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

15 REES WAY is a large detached house of 132m². It was last sold for £305,000 in August 2023, which was around 11% below the average August 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was January 2014, where the current energy rating was B, and the potential energy rating was B.

15 REES WAY Sold Prices

Land registry data shows two sales for 15 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. One of the two 15 REES WAY sales was for below the average price, whilst the other was 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
2023 29 AUG	£305,000	£341,177	11% below HPI
2016 27 MAY	£261,950	£229,579	14% above HPI

15 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 15 REES WAY sales from May 2016 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 May 2016 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 15 REES WAY?

15 REES WAY is 132m² according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 15 REES WAY lies on this distribution: 73% of detached houses are smaller than 15 REES WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Telford.

15 REES WAY: Plot and Title Map

15 REES WAY sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 15 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 15 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 15 REES WAY?

15 REES WAY is located in LAWLEY VILLAGE, in the TF4 postcode district. The below map shows the position of No. 15 on REES WAY.