16, ESSEX CHASE, PRIORSLEE, TELFORD, TF2 9ST - £295,000

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

16 ESSEX CHASE is a large extended detached house of 136m², built sometime between 1983 and 1990, which could now be worth an estimated £444,670. It was last sold for £295,000 in July 2016, which was around 29% above the average July 2016 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was C.

16 ESSEX CHASE Sold Prices

Land registry data shows four sales for 16 ESSEX CHASE 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. All of the four 16 ESSEX CHASE 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
2016 22 JUL	£295,000	£227,998	29% above HPI
2014 14 NOV	£249,999	£220,096	14% above HPI
2005 25 FEB	£244,000	£197,322	24% above HPI
1997 19 FEB	£110,000	£73,639	49% above HPI

16 ESSEX CHASE 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 16 ESSEX CHASE sales between February 1997 and July 2016 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 November 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2016 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 16 ESSEX CHASE be worth now?

16 ESSEX CHASE might now be worth an estimated £444,670.

This is based on house price inflation of 50.7%, between July 2016 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 50.7% inflationary increase is applied to the most recent sale price for 16 ESSEX CHASE of £295,000 on 22nd July 2016. For the value to have increased from £295,000 to £444,670 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 16 ESSEX CHASE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The July 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ESSEX CHASE has not materially changed since July 2016.

How Large is 16 ESSEX CHASE?

16 ESSEX CHASE is 136m², which includes one extension, according to the EPC inspection conducted in December 2009. 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 16 ESSEX CHASE lies on this distribution: 77% of detached houses houses are smaller than 16 ESSEX CHASE, and 23% of houses are larger. Note that EPC data is not available for all properties in Telford.

16 ESSEX CHASE: Plot and Title Map

16 ESSEX CHASE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 16 ESSEX CHASE, 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 16 ESSEX CHASE). 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 16 ESSEX CHASE?

16 ESSEX CHASE is located in PRIORSLEE, in the TF2 postcode district. The below map shows the position of No. 16 on ESSEX CHASE.