16, GRESHAM DRIVE, TELFORD, TF3 5ES - £230,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 GRESHAM DRIVE is a very large detached house of 147m², built sometime between 1996 and 2002. It was last sold for £230,000 in June 2016, which was around 1% below the average June 2016 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

16 GRESHAM DRIVE Sold Prices

Land registry data shows three sales for 16 GRESHAM DRIVE 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. One of the three 16 GRESHAM DRIVE sales was for below the average price, whilst two 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 17 JUN	£230,000	£231,252	1% below HPI
2005 13 APR	£240,000	£195,532	23% above HPI
2002 22 MAR	£177,950	£118,630	50% above HPI

16 GRESHAM DRIVE 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 16 GRESHAM DRIVE sales between March 2002 and June 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 April 2005 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2016 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 16 GRESHAM DRIVE?

16 GRESHAM DRIVE is 147m² according to the EPC inspection conducted in April 2016. This puts it in the largest 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 16 GRESHAM DRIVE lies on this distribution: 83% of detached houses are smaller than 16 GRESHAM DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Telford.

16 GRESHAM DRIVE: Plot and Title Map

16 GRESHAM DRIVE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 16 GRESHAM DRIVE, 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 GRESHAM DRIVE). 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 GRESHAM DRIVE?

16 GRESHAM DRIVE is located in TELFORD, in the TF3 postcode district. The below map shows the position of No. 16 on GRESHAM DRIVE.