2, PICASSO CLOSE, TELFORD, TF5 0PN - £265,000

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 PICASSO CLOSE is a large detached house of 132m², built sometime between 1996 and 2002. It was last sold for £265,000 in May 2020, which was about the average May 2020 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

2 PICASSO CLOSE Sold Prices

Land registry data shows two sales for 2 PICASSO CLOSE 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 2 PICASSO CLOSE sales was roughly equal to 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
2020 27 MAY	£265,000	£264,258	Close to HPI
1996 30 AUG	£85,000	£74,227	15% above HPI

2 PICASSO CLOSE 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 2 PICASSO CLOSE sales from August 1996 and May 2020 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 August 1996 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 2 PICASSO CLOSE?

2 PICASSO CLOSE is 132m² according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 PICASSO CLOSE lies on this distribution: 73% of detached houses are smaller than 2 PICASSO CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 PICASSO CLOSE: Plot and Title Map

2 PICASSO CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 2 PICASSO CLOSE, 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 PICASSO CLOSE). 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 PICASSO CLOSE?

2 PICASSO CLOSE is located in TELFORD, in the TF5 postcode district. The below map shows the position of No. 2 on PICASSO CLOSE.