162, MAJESTIC WAY, TELFORD, TF4 3SB - £318,000

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

162 MAJESTIC WAY is a small extended detached house of 103m², built sometime between 1983 and 1990. It was last sold for £318,000 in June 2024, which was around 10% below the average June 2024 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

162 MAJESTIC WAY Sold Prices

Land registry data shows two sales for 162 MAJESTIC 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 162 MAJESTIC 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
2024 14 JUN	£318,000	£355,157	10% below HPI
1997 26 MAR	£79,300	£74,619	6% above HPI

162 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 two 162 MAJESTIC WAY sales from March 1997 and June 2024 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 March 1997 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2024 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 162 MAJESTIC WAY?

162 MAJESTIC WAY is 103m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 162 MAJESTIC WAY lies on this distribution: 37% of detached houses are smaller than 162 MAJESTIC WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Telford.

162 MAJESTIC WAY: Plot and Title Map

162 MAJESTIC WAY sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 162 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 162 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 162 MAJESTIC WAY?

162 MAJESTIC WAY is located in TELFORD, in the TF4 postcode district. The below map shows the position of No. 162 on MAJESTIC WAY.