8, LABURNUM DRIVE, MADELEY, TELFORD, TF7 5SE - £215,000

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

8 LABURNUM DRIVE is a small detached house of 102m², built sometime between 1967 and 1975. It was last sold for £215,000 in July 2015, which was around 5% below the average July 2015 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

8 LABURNUM DRIVE Sold Prices

Land registry data shows three sales for 8 LABURNUM DRIVE 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 8 LABURNUM DRIVE 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
2015 17 JUL	£215,000	£225,865	5% below HPI
2013 25 OCT	£217,000	£211,146	3% above HPI
2003 30 APR	£156,000	£159,023	2% below HPI

8 LABURNUM 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 three 8 LABURNUM DRIVE sales between April 2003 and July 2015 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 October 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2015 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 LABURNUM DRIVE?

8 LABURNUM DRIVE is 102m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 8 LABURNUM DRIVE lies on this distribution: 36% of detached houses are smaller than 8 LABURNUM DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Telford.

8 LABURNUM DRIVE: Plot and Title Map

8 LABURNUM DRIVE sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 8 LABURNUM 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 8 LABURNUM 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 8 LABURNUM DRIVE?

8 LABURNUM DRIVE is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 8 on LABURNUM DRIVE.