8, PARGETER CLOSE, TELFORD, TF3 1AU - £207,000

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.

8 PARGETER CLOSE is a very large detached house of 162m², built sometime between 1996 and 2002, which could now be worth an estimated £315,293. It was last sold for £207,000 in July 2007, which was around 7% below the average July 2007 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

8 PARGETER CLOSE Sold Prices

Land registry data shows two sales for 8 PARGETER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. One of the two 8 PARGETER CLOSE sales was for below the average price, whilst the other 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
2007 6 JUL	£207,000	£222,486	7% below HPI
2000 31 MAY	£99,227	£92,309	7% above HPI

8 PARGETER 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 two 8 PARGETER CLOSE sales from May 2000 and July 2007 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 2000 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2007 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 PARGETER CLOSE be worth now?

8 PARGETER CLOSE might now be worth an estimated £315,293.

This is based on house price inflation of 52.3%, between July 2007 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 52.3% inflationary increase is applied to the most recent sale price for 8 PARGETER CLOSE of £207,000 on 6th July 2007. For the value to have increased from £207,000 to £315,293 over the nineteen years and two months to May 2026, the following assumptions must hold true:

• The value of 8 PARGETER CLOSE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The July 2007 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARGETER CLOSE has not materially changed since July 2007.

How Large is 8 PARGETER CLOSE?

8 PARGETER CLOSE is 162m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% 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 8 PARGETER CLOSE lies on this distribution: 89% of detached houses houses are smaller than 8 PARGETER CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Telford.

8 PARGETER CLOSE: Plot and Title Map

8 PARGETER CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 8 PARGETER 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 8 PARGETER 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 8 PARGETER CLOSE?

8 PARGETER CLOSE is located in TELFORD, in the TF3 postcode district. The below map shows the position of No. 8 on PARGETER CLOSE.