THE NEW HOUSE, GLADSTONE STREET, HADLEY, TELFORD, TF1 5NP - £135,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE NEW HOUSE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £135,000 in January 2020, which was around 49% below the average January 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.

THE NEW HOUSE Sold Prices

Land registry data shows two sales for THE NEW HOUSE 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 THE NEW HOUSE 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
2020 20 JAN	£135,000	£266,809	49% below HPI
1995 19 MAY	£45,000	£69,199	35% below HPI

THE NEW HOUSE 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 THE NEW HOUSE sales from May 1995 and January 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 May 1995 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2020 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 68m² according to the EPC inspection conducted in July 2019. 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 THE NEW HOUSE lies on this distribution: 5% of detached houses are smaller than THE NEW HOUSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Telford.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of THE NEW HOUSE, 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 THE NEW HOUSE). 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 THE NEW HOUSE?

THE NEW HOUSE is located on GLADSTONE STREET in HADLEY, in the TF1 postcode district. The below map shows the position of THE NEW HOUSE on GLADSTONE STREET.