28, MORGAN WAY, KETLEY, TELFORD, TF1 5FB - £227,000

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

28 MORGAN WAY is a very small detached house of 87m², built sometime between 1983 and 1990. It was last sold for £227,000 in September 2021, which was around 25% below the average September 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

28 MORGAN WAY Sold Prices

Land registry data shows two sales for 28 MORGAN 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. Both of the two 28 MORGAN 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
2021 27 SEP	£227,000	£300,819	25% below HPI
2011 24 MAY	£160,000	£209,400	24% below HPI

28 MORGAN 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 28 MORGAN WAY sales from May 2011 and September 2021 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 May 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 28 MORGAN WAY?

28 MORGAN WAY is 87m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 28 MORGAN WAY lies on this distribution: 17% of detached houses are smaller than 28 MORGAN WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Telford.

28 MORGAN WAY: Plot and Title Map

28 MORGAN WAY sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 28 MORGAN 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 28 MORGAN 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 28 MORGAN WAY?

28 MORGAN WAY is located in KETLEY, in the TF1 postcode district. The below map shows the position of No. 28 on MORGAN WAY.