46, HERMITAGE WAY, MADELEY, TELFORD, TF7 5SZ - £150,000

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

46 HERMITAGE WAY is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £150,000 in March 2017, which was around 38% below the average March 2017 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

46 HERMITAGE WAY Sold Prices

Land registry data shows four sales for 46 HERMITAGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the four 46 HERMITAGE WAY 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
2017 16 MAR	£150,000	£243,348	38% below HPI
2016 25 NOV	£150,000	£237,327	37% below HPI
2011 3 NOV	£138,000	£209,320	34% below HPI
1999 22 JAN	£59,000	£80,427	27% below HPI

46 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 four 46 HERMITAGE WAY sales between January 1999 and March 2017 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 November 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 46 HERMITAGE WAY?

46 HERMITAGE WAY is 73m² according to the EPC inspection conducted in February 2017. 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 46 HERMITAGE WAY lies on this distribution: 7% of detached houses are smaller than 46 HERMITAGE WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Telford.

46 HERMITAGE WAY: Plot and Title Map

46 HERMITAGE WAY sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 46 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 46 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 46 HERMITAGE WAY?

46 HERMITAGE WAY is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 46 on HERMITAGE WAY.