3, CHESTNUT DRIVE, WELLINGTON, TELFORD, TF1 3NJ - £220,000

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

3 CHESTNUT DRIVE is a very small detached house of 54m², built sometime between 1950 and 1966. It was last sold for £220,000 in June 2024, which was around 38% below the average June 2024 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

3 CHESTNUT DRIVE Sold Prices

Land registry data shows four sales for 3 CHESTNUT 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 3 CHESTNUT 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
2024 28 JUN	£220,000	£356,357	38% below HPI
2015 30 JAN	£170,000	£219,899	23% below HPI
2011 4 MAR	£135,000	£212,585	36% below HPI
2002 20 NOV	£103,000	£148,816	31% below HPI

3 CHESTNUT 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 3 CHESTNUT DRIVE sales between November 2002 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 January 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2024 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 3 CHESTNUT DRIVE?

3 CHESTNUT DRIVE is 54m² according to the EPC inspection conducted in February 2024. 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 3 CHESTNUT DRIVE lies on this distribution: 1% of detached houses are smaller than 3 CHESTNUT DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 CHESTNUT DRIVE: Plot and Title Map

3 CHESTNUT DRIVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 3 CHESTNUT 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 3 CHESTNUT 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 3 CHESTNUT DRIVE?

3 CHESTNUT DRIVE is located in WELLINGTON, in the TF1 postcode district. The below map shows the position of No. 3 on CHESTNUT DRIVE.