41, HERMITAGE WAY, MADELEY, TELFORD, TF7 5SY - £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

41 HERMITAGE WAY is a midsized extended detached house of 106m², built sometime between 1983 and 1990. It was last sold for £270,000 in January 2021, which was around 5% below the average January 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

41 HERMITAGE WAY Sold Prices

Land registry data shows three sales for 41 HERMITAGE WAY 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. The three 41 HERMITAGE WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2021 8 JAN	£270,000	£283,582	5% below HPI
2004 13 FEB	£177,000	£177,154	Close to HPI
2000 14 JUL	£99,995	£94,221	6% above HPI

41 HERMITAGE 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 three 41 HERMITAGE WAY sales between July 2000 and January 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 February 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 41 HERMITAGE WAY?

41 HERMITAGE WAY is 106m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 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 41 HERMITAGE WAY lies on this distribution: 40% of detached houses are smaller than 41 HERMITAGE WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Telford.

41 HERMITAGE WAY: Plot and Title Map

41 HERMITAGE WAY sits on a plot of roughly 0.070 of an acre, or 281m². The below map shows the location of 41 HERMITAGE 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 41 HERMITAGE 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 41 HERMITAGE WAY?

41 HERMITAGE WAY is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 41 on HERMITAGE WAY.