52, HERMITAGE WAY, MADELEY, TELFORD, TF7 5SZ - £245,000

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

52 HERMITAGE WAY is a very small detached house of 74m², built sometime between 1930 and 1949. It was last sold for £245,000 in September 2022, which was around 28% below the average September 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2021, where the current energy rating was E, and the potential energy rating was B.

52 HERMITAGE WAY Sold Prices

Land registry data shows three sales for 52 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. All of the three 52 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
2022 1 SEP	£245,000	£338,613	28% below HPI
1999 21 MAY	£64,000	£84,417	24% below HPI
1997 11 JUL	£54,000	£76,536	29% below HPI

52 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 52 HERMITAGE WAY sales between July 1997 and September 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 May 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 52 HERMITAGE WAY?

52 HERMITAGE WAY is 74m² according to the EPC inspection conducted in April 2021. 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 52 HERMITAGE WAY lies on this distribution: 8% of detached houses are smaller than 52 HERMITAGE WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Telford.

52 HERMITAGE WAY: Plot and Title Map

52 HERMITAGE WAY sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 52 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 52 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 52 HERMITAGE WAY?

52 HERMITAGE WAY is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 52 on HERMITAGE WAY.