2, LEESES CLOSE, TELFORD, TF5 0NN - £263,000

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.

2 LEESES CLOSE is a large detached house of 126m², built sometime between 1991 and 1995, which could now be worth an estimated £350,549. It was last sold for £263,000 in November 2018, which was around 3% above the average November 2018 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

2 LEESES CLOSE Sold Prices

Land registry data shows three sales for 2 LEESES CLOSE 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 2 LEESES CLOSE sales were for above the average price, whilst one was 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
2018 1 NOV	£263,000	£254,246	3% above HPI
2007 2 MAY	£215,000	£221,811	3% below HPI
2003 16 DEC	£193,000	£169,589	14% above HPI

2 LEESES 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 three 2 LEESES CLOSE sales between December 2003 and November 2018 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 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 2 LEESES CLOSE be worth now?

2 LEESES CLOSE might now be worth an estimated £350,549.

This is based on house price inflation of 33.3%, between November 2018 and May 2026, 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 33.3% inflationary increase is applied to the most recent sale price for 2 LEESES CLOSE of £263,000 on 1st November 2018. For the value to have increased from £263,000 to £350,549 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 2 LEESES CLOSE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The November 2018 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LEESES CLOSE has not materially changed since November 2018.

How Large is 2 LEESES CLOSE?

2 LEESES CLOSE is 126m² according to the EPC inspection conducted in August 2011. This puts it in the largest 40% 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 2 LEESES CLOSE lies on this distribution: 67% of detached houses houses are smaller than 2 LEESES CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 LEESES CLOSE: Plot and Title Map

2 LEESES CLOSE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 2 LEESES 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 2 LEESES 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 2 LEESES CLOSE?

2 LEESES CLOSE is located in TELFORD, in the TF5 postcode district. The below map shows the position of No. 2 on LEESES CLOSE.