54, MERCIA DRIVE, LEEGOMERY, TELFORD, TF1 6YH - £230,000

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

54 MERCIA DRIVE is a very small detached house of 80m², built sometime between 1983 and 1990. It was last sold for £230,000 in November 2022, which was around 33% below the average November 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

54 MERCIA DRIVE Sold Prices

Land registry data shows two sales for 54 MERCIA DRIVE 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 54 MERCIA DRIVE 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 18 NOV	£230,000	£345,672	33% below HPI
1998 3 APR	£75,000	£79,360	5% below HPI

54 MERCIA 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 two 54 MERCIA DRIVE sales from April 1998 and November 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 April 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 54 MERCIA DRIVE?

54 MERCIA DRIVE is 80m² according to the EPC inspection conducted in July 2019. 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 54 MERCIA DRIVE lies on this distribution: 11% of detached houses are smaller than 54 MERCIA DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Telford.

54 MERCIA DRIVE: Plot and Title Map

54 MERCIA DRIVE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 54 MERCIA 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 54 MERCIA 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 54 MERCIA DRIVE?

54 MERCIA DRIVE is located in LEEGOMERY, in the TF1 postcode district. The below map shows the position of No. 54 on MERCIA DRIVE.