7, GRASMERE CLOSE, PRIORSLEE, TELFORD, TF2 9RP - £225,000

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

7 GRASMERE CLOSE is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £225,000 in June 2020, which was around 13% below the average June 2020 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

7 GRASMERE CLOSE Sold Prices

Land registry data shows two sales for 7 GRASMERE CLOSE 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. One of the two 7 GRASMERE CLOSE sales was for below the average price, whilst the other 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
2020 5 JUN	£225,000	£257,821	13% below HPI
1999 23 AUG	£89,000	£86,977	2% above HPI

7 GRASMERE 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 two 7 GRASMERE CLOSE sales from August 1999 and June 2020 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 August 1999 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 GRASMERE CLOSE?

7 GRASMERE CLOSE is 86m² 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 7 GRASMERE CLOSE lies on this distribution: 16% of detached houses are smaller than 7 GRASMERE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Telford.

7 GRASMERE CLOSE: Plot and Title Map

7 GRASMERE CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 7 GRASMERE 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 7 GRASMERE 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 7 GRASMERE CLOSE?

7 GRASMERE CLOSE is located in PRIORSLEE, in the TF2 postcode district. The below map shows the position of No. 7 on GRASMERE CLOSE.