23, HORNET WAY, THE ROCK, TELFORD, TF3 5DY - £255,000

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

23 HORNET WAY is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £255,000 in December 2022, which was around 26% below the average December 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was B.

23 HORNET WAY Sold Prices

Land registry data shows five sales for 23 HORNET WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the five 23 HORNET WAY 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
2022 14 DEC	£255,000	£346,104	26% below HPI
2022 21 JAN	£185,000	£318,634	42% below HPI
2001 15 JUN	£75,500	£105,356	28% below HPI
1997 28 NOV	£56,000	£78,489	29% below HPI
1996 4 OCT	£54,000	£74,832	28% below HPI

23 HORNET 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 five 23 HORNET WAY sales between October 1996 and December 2022 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 January 2022 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 23 HORNET WAY?

23 HORNET WAY is 74m² according to the EPC inspection conducted in September 2017. 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 23 HORNET WAY lies on this distribution: 8% of detached houses are smaller than 23 HORNET WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Telford.

23 HORNET WAY: Plot and Title Map

23 HORNET WAY sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 23 HORNET 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 23 HORNET 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 23 HORNET WAY?

23 HORNET WAY is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 23 on HORNET WAY.