2, MERCIA DRIVE, LEEGOMERY, TELFORD, TF1 6YH - £150,000

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

2 MERCIA DRIVE is a very small detached house of 72m², built sometime between 1983 and 1990. It was last sold for £150,000 in July 2008, which was around 34% below the average July 2008 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

2 MERCIA DRIVE Sold Prices

Land registry data shows four sales for 2 MERCIA DRIVE 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 2 MERCIA DRIVE sales were for below 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
2008 18 JUL	£150,000	£227,980	34% below HPI
2006 24 OCT	£136,000	£218,359	38% below HPI
2004 2 FEB	£124,000	£177,154	30% below HPI
1998 21 AUG	£58,250	£82,302	29% below HPI

2 MERCIA 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 four 2 MERCIA DRIVE sales between August 1998 and July 2008 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 October 2006 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2008 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 MERCIA DRIVE?

2 MERCIA DRIVE is 72m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 2 MERCIA DRIVE lies on this distribution: 7% of detached houses are smaller than 2 MERCIA DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 MERCIA DRIVE: Plot and Title Map

2 MERCIA DRIVE sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 2 MERCIA 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 2 MERCIA 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 2 MERCIA DRIVE?

2 MERCIA DRIVE is located in LEEGOMERY, in the TF1 postcode district. The below map shows the position of No. 2 on MERCIA DRIVE.