38, BANK WAY, KETLEY BANK, TELFORD, TF2 0EQ - £327,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 BANK WAY is a midsized extended detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £322,184. It was last sold for £327,500 in December 2022, which was around 4% below the average December 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

38 BANK WAY Sold Prices

Land registry data shows two sales for 38 BANK 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. One of the two 38 BANK WAY sales was for below the average price, whilst the other was for above 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
2022 1 DEC	£327,500	£341,510	4% below HPI
2003 7 JUL	£175,000	£165,108	6% above HPI

38 BANK 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 38 BANK WAY sales from July 2003 and December 2022 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 July 2003 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 38 BANK WAY be worth now?

38 BANK WAY might now be worth an estimated £322,184.

This is based on house price deflation of 1.6%, between December 2022 and February 2025, for detached houses, in the Telford and Wrekin local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.6% deflationary decrease is applied to the most recent sale price for 38 BANK WAY of £327,500 on 1st December 2022. For the value to have decreased from £327,500 to £322,184 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 38 BANK WAY has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The December 2022 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 38 BANK WAY has not materially changed since December 2022.

How Large is 38 BANK WAY?

38 BANK WAY is 106m², which includes four extensions, according to the EPC inspection conducted in July 2022. This puts it in the smallest 50% of detached houses houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where 38 BANK WAY lies on this distribution: 40% of detached houses houses are smaller than 38 BANK WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Telford.

38 BANK WAY: Plot and Title Map

38 BANK WAY sits on a plot of roughly 0.187 of an acre, or 758m². The below map shows the location of 38 BANK 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 38 BANK 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 38 BANK WAY?

38 BANK WAY is located in KETLEY BANK, in the TF2 postcode district. The below map shows the position of No. 38 on BANK WAY.