GREENFIELDS, PARK AVENUE, MADELEY, TELFORD, TF7 5AD - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREENFIELDS is a small extended detached house of 98m², built sometime between 1950 and 1966, which could now be worth an estimated £309,814. It was last sold for £240,000 in November 2019, which was around 8% below the average November 2019 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

GREENFIELDS Sold Prices

Land registry data shows two sales for GREENFIELDS 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 GREENFIELDS 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
2019 5 NOV	£240,000	£260,260	8% below HPI
1999 5 MAR	£70,000	£80,711	13% below HPI

GREENFIELDS 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 GREENFIELDS sales from March 1999 and November 2019 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 March 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might GREENFIELDS be worth now?

GREENFIELDS might now be worth an estimated £309,814.

This is based on house price inflation of 29.1%, between November 2019 and February 2025, for detached houses, in the Telford and Wrekin local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.1% inflationary increase is applied to the most recent sale price for GREENFIELDS of £240,000 on 5th November 2019. For the value to have increased from £240,000 to £309,814 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of GREENFIELDS has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The November 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of GREENFIELDS has not materially changed since November 2019.

How Large is GREENFIELDS?

GREENFIELDS is 98m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where GREENFIELDS lies on this distribution: 30% of detached houses houses are smaller than GREENFIELDS, and 69% of houses are larger. Note that EPC data is not available for all properties in Telford.

GREENFIELDS: Plot and Title Map

GREENFIELDS sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of GREENFIELDS, 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 GREENFIELDS). 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 GREENFIELDS?

GREENFIELDS is located on PARK AVENUE in MADELEY, in the TF7 postcode district. The below map shows the position of GREENFIELDS on PARK AVENUE.