4, GRASMERE CLOSE, PRIORSLEE, TELFORD, TF2 9RP - £195,000

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.

4 GRASMERE CLOSE is a small detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £329,240. It was last sold for £195,000 in March 2012, which was around 3% below the average March 2012 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

4 GRASMERE CLOSE Sold Prices

Land registry data shows three sales for 4 GRASMERE 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 4 GRASMERE CLOSE sales were for below the average price, whilst one was 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
2012 30 MAR	£195,000	£200,710	3% below HPI
2006 14 JUL	£205,000	£206,796	1% below HPI
2004 18 JUN	£198,000	£184,121	8% above HPI

4 GRASMERE 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 4 GRASMERE CLOSE sales between June 2004 and March 2012 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 July 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2012 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 4 GRASMERE CLOSE be worth now?

4 GRASMERE CLOSE might now be worth an estimated £329,240.

This is based on house price inflation of 68.8%, between March 2012 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 68.8% inflationary increase is applied to the most recent sale price for 4 GRASMERE CLOSE of £195,000 on 30th March 2012. For the value to have increased from £195,000 to £329,240 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 4 GRASMERE CLOSE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The March 2012 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GRASMERE CLOSE has not materially changed since March 2012.

How Large is 4 GRASMERE CLOSE?

4 GRASMERE CLOSE is 96m² according to the EPC inspection conducted in February 2013. 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 4 GRASMERE CLOSE lies on this distribution: 28% of detached houses houses are smaller than 4 GRASMERE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Telford.

4 GRASMERE CLOSE: Plot and Title Map

4 GRASMERE CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 4 GRASMERE 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 4 GRASMERE 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 4 GRASMERE CLOSE?

4 GRASMERE CLOSE is located in PRIORSLEE, in the TF2 postcode district. The below map shows the position of No. 4 on GRASMERE CLOSE.