48, HERMITAGE WAY, MADELEY, TELFORD, TF7 5SZ - £133,500

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

48 HERMITAGE WAY is a very small extended detached house of 87m², built sometime between 1983 and 1990. It was last sold for £133,500 in October 2003, which was around 22% below the average October 2003 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was C.

48 HERMITAGE WAY Sold Prices

Land registry data shows two sales for 48 HERMITAGE 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. Both of the two 48 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
2003 10 OCT	£133,500	£172,162	22% below HPI
2002 19 MAR	£96,950	£118,630	18% below HPI

48 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 two 48 HERMITAGE WAY sales from March 2002 and October 2003 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 March 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2003 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 48 HERMITAGE WAY?

48 HERMITAGE WAY is 87m², which includes one extension, according to the EPC inspection conducted in August 2024. 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 48 HERMITAGE WAY lies on this distribution: 17% of detached houses are smaller than 48 HERMITAGE WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Telford.

48 HERMITAGE WAY: Plot and Title Map

48 HERMITAGE WAY sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 48 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 48 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 48 HERMITAGE WAY?

48 HERMITAGE WAY is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 48 on HERMITAGE WAY.