2, MARTINGALE WAY, LAWLEY BANK, TELFORD, TF4 2PF - £326,000

2 MARTINGALE WAY is a midsized extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £326,000 in October 2021, which was around 6% above the average October 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

2 MARTINGALE WAY Sold Prices

Land registry data shows four sales for 2 MARTINGALE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the four 2 MARTINGALE WAY sales were 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
2021 15 OCT	£326,000	£308,275	6% above HPI
2020 31 JAN	£277,500	£266,809	4% above HPI
2004 16 JUL	£202,000	£191,272	6% above HPI
1999 26 FEB	£104,000	£81,290	28% above HPI

2 MARTINGALE WAY 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 four 2 MARTINGALE WAY sales between February 1999 and October 2021 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 January 2020 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 2 MARTINGALE WAY?

2 MARTINGALE WAY is 117m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 2 MARTINGALE WAY lies on this distribution: 55% of detached houses are smaller than 2 MARTINGALE WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 MARTINGALE WAY: Plot and Title Map

2 MARTINGALE WAY sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 MARTINGALE WAY, 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 MARTINGALE WAY). 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 MARTINGALE WAY?

2 MARTINGALE WAY is located in LAWLEY BANK, in the TF4 postcode district. The below map shows the position of No. 2 on MARTINGALE WAY.