4, HORNET WAY, THE ROCK, TELFORD, TF3 5DY - £187,000

4 HORNET WAY is a very small extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £187,000 in May 2018, which was around 24% below the average May 2018 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

4 HORNET WAY Sold Prices

Land registry data shows three sales for 4 HORNET WAY 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. All of the three 4 HORNET WAY 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
2018 18 MAY	£187,000	£247,271	24% below HPI
2006 9 JUN	£172,000	£207,591	17% below HPI
1999 26 MAR	£68,500	£81,797	16% below HPI

4 HORNET 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 three 4 HORNET WAY sales between March 1999 and May 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 June 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 4 HORNET WAY?

4 HORNET WAY is 88m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 4 HORNET WAY lies on this distribution: 19% of detached houses are smaller than 4 HORNET WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Telford.

4 HORNET WAY: Plot and Title Map

4 HORNET WAY sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 4 HORNET 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 4 HORNET 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 4 HORNET WAY?

4 HORNET WAY is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 4 on HORNET WAY.