24, GRESHAM DRIVE, TELFORD, TF3 5ES - £176,000

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.

24 GRESHAM DRIVE is a very small terraced house of 67m², built sometime between 1996 and 2002, which could now be worth an estimated £248,773. It was last sold for £176,000 in March 2019, which was around 45% above the average March 2019 terraced price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

24 GRESHAM DRIVE Sold Prices

Land registry data shows three sales for 24 GRESHAM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Telford and Wrekin local authority area for the corresponding sale date. All of the three 24 GRESHAM DRIVE 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
2019 20 MAR	£176,000	£121,558	45% above HPI
2011 7 OCT	£141,500	£98,878	43% above HPI
2002 5 DEC	£120,000	£62,829	91% above HPI

24 GRESHAM DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The three 24 GRESHAM DRIVE sales between December 2002 and March 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 October 2011 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the March 2019 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 24 GRESHAM DRIVE be worth now?

24 GRESHAM DRIVE might now be worth an estimated £248,773.

This is based on house price inflation of 41.3%, between March 2019 and April 2026, for terraced 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 41.3% inflationary increase is applied to the most recent sale price for 24 GRESHAM DRIVE of £176,000 on 20th March 2019. For the value to have increased from £176,000 to £248,773 over the six years and eleven months to April 2026, the following assumptions must hold true:

• The value of 24 GRESHAM DRIVE has moved in line with the HPI for terraced houses in the Telford and Wrekin local authority area.
• The March 2019 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GRESHAM DRIVE has not materially changed since March 2019.

How Large is 24 GRESHAM DRIVE?

24 GRESHAM DRIVE is 67m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of terraced houses houses in Telford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Telford, and where 24 GRESHAM DRIVE lies on this distribution: 5% of terraced houses houses are smaller than 24 GRESHAM DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Telford.

24 GRESHAM DRIVE: Plot and Title Map

24 GRESHAM DRIVE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 24 GRESHAM 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 24 GRESHAM 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 24 GRESHAM DRIVE?

24 GRESHAM DRIVE is located in TELFORD, in the TF3 postcode district. The below map shows the position of No. 24 on GRESHAM DRIVE.