8, WESTMINSTER WAY, PRIORSLEE, TELFORD, TF2 9GN - £245,000

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 WESTMINSTER WAY is a very large detached house of 149m², built sometime between 1996 and 2002, which could now be worth an estimated £399,918. It was last sold for £245,000 in October 2011, which was around 18% above the average October 2011 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

8 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 8 WESTMINSTER 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 8 WESTMINSTER 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
2011 26 OCT	£245,000	£207,271	18% above HPI
2003 7 AUG	£220,000	£166,696	32% above HPI
2000 29 SEP	£157,500	£93,505	68% above HPI

8 WESTMINSTER 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 8 WESTMINSTER WAY sales between September 2000 and October 2011 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 August 2003 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2011 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 8 WESTMINSTER WAY be worth now?

8 WESTMINSTER WAY might now be worth an estimated £399,918.

This is based on house price inflation of 63.2%, between October 2011 and March 2025, 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 63.2% inflationary increase is applied to the most recent sale price for 8 WESTMINSTER WAY of £245,000 on 26th October 2011. For the value to have increased from £245,000 to £399,918 over the fourteen years and seven months to March 2025, the following assumptions must hold true:

• The value of 8 WESTMINSTER WAY has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The October 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WESTMINSTER WAY has not materially changed since October 2011.

How Large is 8 WESTMINSTER WAY?

8 WESTMINSTER WAY is 149m² according to the EPC inspection conducted in July 2013. 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 WESTMINSTER WAY lies on this distribution: 84% of detached houses houses are smaller than 8 WESTMINSTER WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Telford.

8 WESTMINSTER WAY: Plot and Title Map

8 WESTMINSTER WAY sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 8 WESTMINSTER 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 8 WESTMINSTER 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 8 WESTMINSTER WAY?

8 WESTMINSTER WAY is located in PRIORSLEE, in the TF2 postcode district. The below map shows the position of No. 8 on WESTMINSTER WAY.