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

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 GRESHAM DRIVE is a very large detached house of 147m², built sometime between 1996 and 2002, which could now be worth an estimated £346,411. It was last sold for £230,000 in June 2016, which was around 1% above 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. All of the three 16 GRESHAM DRIVE 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 17 JUN	£230,000	£228,183	1% above HPI
2005 13 APR	£240,000	£192,937	24% above HPI
2002 22 MAR	£177,950	£117,055	52% 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 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the June 2016 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 16 GRESHAM DRIVE be worth now?

16 GRESHAM DRIVE might now be worth an estimated £346,411.

This is based on house price inflation of 50.6%, between June 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 50.6% inflationary increase is applied to the most recent sale price for 16 GRESHAM DRIVE of £230,000 on 17th June 2016. For the value to have increased from £230,000 to £346,411 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 16 GRESHAM DRIVE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The June 2016 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GRESHAM DRIVE has not materially changed since June 2016.

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 houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where 16 GRESHAM DRIVE lies on this distribution: 83% of detached houses 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.