9, PADDOCK CLOSE, WELLINGTON, TELFORD, TF1 3ND - £164,000

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.

9 PADDOCK CLOSE is a very small extended terraced house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £237,003. It was last sold for £164,000 in June 2018, which was around 40% above the average June 2018 terraced 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.

9 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 9 PADDOCK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Telford and Wrekin local authority area for the corresponding sale date. Both of the two 9 PADDOCK CLOSE 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
2018 15 JUN	£164,000	£117,220	40% above HPI
2003 17 APR	£115,000	£67,131	71% above HPI

9 PADDOCK CLOSE 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 two 9 PADDOCK CLOSE sales from April 2003 and June 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 April 2003 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the June 2018 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 9 PADDOCK CLOSE be worth now?

9 PADDOCK CLOSE might now be worth an estimated £237,003.

This is based on house price inflation of 44.5%, between June 2018 and May 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 44.5% inflationary increase is applied to the most recent sale price for 9 PADDOCK CLOSE of £164,000 on 15th June 2018. For the value to have increased from £164,000 to £237,003 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 9 PADDOCK CLOSE has moved in line with the HPI for terraced houses in the Telford and Wrekin local authority area.
• The June 2018 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PADDOCK CLOSE has not materially changed since June 2018.

How Large is 9 PADDOCK CLOSE?

9 PADDOCK CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% 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 9 PADDOCK CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 9 PADDOCK CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Telford.

9 PADDOCK CLOSE: Plot and Title Map

9 PADDOCK CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 9 PADDOCK 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 9 PADDOCK 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 9 PADDOCK CLOSE?

9 PADDOCK CLOSE is located in WELLINGTON, in the TF1 postcode district. The below map shows the position of No. 9 on PADDOCK CLOSE.