34, MERCIA DRIVE, LEEGOMERY, TELFORD, TF1 6YH - £218,000

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

34 MERCIA DRIVE is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £218,000 in February 2023, which was around 38% below the average February 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

34 MERCIA DRIVE Sold Prices

Land registry data shows three sales for 34 MERCIA DRIVE 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 34 MERCIA 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
2023 17 FEB	£218,000	£349,159	38% below HPI
1997 28 MAY	£59,500	£74,042	20% below HPI
1995 12 JUN	£59,995	£70,661	15% below HPI

34 MERCIA 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 three 34 MERCIA DRIVE sales between June 1995 and February 2023 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 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 34 MERCIA DRIVE?

34 MERCIA DRIVE is 55m² according to the EPC inspection conducted in August 2022. 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 34 MERCIA DRIVE lies on this distribution: 1% of detached houses are smaller than 34 MERCIA DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Telford.

34 MERCIA DRIVE: Plot and Title Map

34 MERCIA DRIVE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 34 MERCIA 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 34 MERCIA 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 34 MERCIA DRIVE?

34 MERCIA DRIVE is located in LEEGOMERY, in the TF1 postcode district. The below map shows the position of No. 34 on MERCIA DRIVE.