48, LEES FARM DRIVE, MADELEY, TELFORD, TF7 5SU - £445,000

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

48 LEES FARM DRIVE is a very large extended detached house of 263m², built sometime between 1996 and 2002. It was last sold for £445,000 in December 2022, which was around 29% above the average December 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

48 LEES FARM DRIVE Sold Prices

Land registry data shows five sales for 48 LEES FARM DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the five 48 LEES FARM DRIVE sales were 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 9 DEC	£445,000	£346,104	29% above HPI
2020 17 MAR	£730,000	£269,365	171% above HPI
2015 10 JUL	£400,000	£225,865	77% above HPI
2003 9 APR	£316,000	£159,023	99% above HPI
1996 19 APR	£175,000	£71,908	143% above HPI

48 LEES FARM 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 five 48 LEES FARM DRIVE sales between April 1996 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 March 2020 sale was for 171% above the HPI. So the extrapolation line tracks at 171% above the HPI over time, until the December 2022 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 48 LEES FARM DRIVE?

48 LEES FARM DRIVE is 263m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 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 48 LEES FARM DRIVE lies on this distribution: 99% of detached houses are smaller than 48 LEES FARM DRIVE, and 1% of houses are larger. Note that EPC data is not available for all properties in Telford.

48 LEES FARM DRIVE: Plot and Title Map

48 LEES FARM DRIVE sits on a plot of roughly 0.893 of an acre, or 3,613m². The below map shows the location of 48 LEES FARM 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 48 LEES FARM 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 48 LEES FARM DRIVE?

48 LEES FARM DRIVE is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 48 on LEES FARM DRIVE.