3, SMITHY WAY, LAWLEY VILLAGE, TELFORD, TF4 2GE - £251,500

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

3 SMITHY WAY is a midsized detached house of 113m². It was last sold for £251,500 in May 2021, which was around 14% below the average May 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was October 2013, where the current energy rating was B, and the potential energy rating was B.

3 SMITHY WAY Sold Prices

Land registry data shows two sales for 3 SMITHY 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 3 SMITHY 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 21 MAY	£251,500	£293,370	14% below HPI
2013 20 DEC	£205,000	£210,062	2% below HPI

3 SMITHY 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 3 SMITHY WAY sales from December 2013 and May 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 December 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 SMITHY WAY?

3 SMITHY WAY is 113m² according to the EPC inspection conducted in October 2013. This puts it in the largest 50% 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 SMITHY WAY lies on this distribution: 49% of detached houses are smaller than 3 SMITHY WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 SMITHY WAY: Plot and Title Map

3 SMITHY WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 3 SMITHY 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 3 SMITHY 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 3 SMITHY WAY?

3 SMITHY WAY is located in LAWLEY VILLAGE, in the TF4 postcode district. The below map shows the position of No. 3 on SMITHY WAY.