5, PICASSO CLOSE, TELFORD, TF5 0PN - £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

5 PICASSO CLOSE is a midsized extended detached house of 109m², built sometime between 1991 and 1995. It was last sold for £270,000 in March 2023, which was around 23% below the average March 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

5 PICASSO CLOSE Sold Prices

Land registry data shows three sales for 5 PICASSO CLOSE 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. Two of the three 5 PICASSO CLOSE sales were for below the average price, whilst one was 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
2023 7 MAR	£270,000	£348,654	23% below HPI
2007 13 DEC	£134,820	£230,940	42% below HPI
1996 12 JUL	£77,495	£72,596	7% above HPI

5 PICASSO CLOSE 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 5 PICASSO CLOSE sales between July 1996 and March 2023 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 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5 PICASSO CLOSE?

5 PICASSO CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in September 2022. 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 5 PICASSO CLOSE lies on this distribution: 44% of detached houses are smaller than 5 PICASSO CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Telford.

5 PICASSO CLOSE: Plot and Title Map

5 PICASSO CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 5 PICASSO CLOSE, 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 5 PICASSO CLOSE). 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 5 PICASSO CLOSE?

5 PICASSO CLOSE is located in TELFORD, in the TF5 postcode district. The below map shows the position of No. 5 on PICASSO CLOSE.