3, SOMERSET CLOSE, MADELEY, TELFORD, TF7 5SR - £270,000

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 SOMERSET CLOSE is a very small detached house of 83m², built sometime between 1976 and 1982. It was last sold for £270,000 in July 2021, which was around 9% below the average July 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

3 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 3 SOMERSET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the three 3 SOMERSET CLOSE 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 20 JUL	£270,000	£296,072	9% below HPI
2017 6 MAR	£209,000	£243,348	14% below HPI
2013 11 JAN	£161,000	£205,288	22% below HPI

3 SOMERSET 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 three 3 SOMERSET CLOSE sales between January 2013 and July 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 March 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 SOMERSET CLOSE?

3 SOMERSET CLOSE is 83m² according to the EPC inspection conducted in March 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 3 SOMERSET CLOSE lies on this distribution: 14% of detached houses are smaller than 3 SOMERSET CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 SOMERSET CLOSE: Plot and Title Map

3 SOMERSET CLOSE sits on a plot of roughly 0.133 of an acre, or 536m². The below map shows the location of 3 SOMERSET 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 3 SOMERSET 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 3 SOMERSET CLOSE?

3 SOMERSET CLOSE is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 3 on SOMERSET CLOSE.