40, MCCORMICK DRIVE, TELFORD, TF1 3LZ - £145,000

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

40 MCCORMICK DRIVE is a very small extended detached house of 78m², built sometime between 1996 and 2002. It was last sold for £145,000 in July 2010, which was around 31% below the average July 2010 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

40 MCCORMICK DRIVE Sold Prices

Land registry data shows three sales for 40 MCCORMICK 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 40 MCCORMICK 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
2010 8 JUL	£145,000	£210,376	31% below HPI
2000 18 DEC	£78,000	£98,996	21% below HPI
1997 19 FEB	£62,950	£74,629	16% below HPI

40 MCCORMICK 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 40 MCCORMICK DRIVE sales between February 1997 and July 2010 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 2000 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2010 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 40 MCCORMICK DRIVE?

40 MCCORMICK DRIVE is 78m², which includes one extension, according to the EPC inspection conducted in February 2023. 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 40 MCCORMICK DRIVE lies on this distribution: 10% of detached houses are smaller than 40 MCCORMICK DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Telford.

40 MCCORMICK DRIVE: Plot and Title Map

40 MCCORMICK DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 40 MCCORMICK 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 40 MCCORMICK 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 40 MCCORMICK DRIVE?

40 MCCORMICK DRIVE is located in TELFORD, in the TF1 postcode district. The below map shows the position of No. 40 on MCCORMICK DRIVE.