10, FURNACE LANE, TRENCH, TELFORD, TF2 7JX - £172,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 FURNACE LANE is a small extended detached house of 95m², built sometime before 1900. It was last sold for £172,000 in December 2019, which was around 36% below the average December 2019 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

10 FURNACE LANE Sold Prices

Land registry data shows three sales for 10 FURNACE LANE 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 10 FURNACE LANE 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
2019 19 DEC	£172,000	£267,083	36% below HPI
2013 4 MAR	£140,000	£199,481	30% below HPI
2006 22 SEP	£146,000	£214,632	32% below HPI

10 FURNACE LANE 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 10 FURNACE LANE sales between September 2006 and December 2019 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 March 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 10 FURNACE LANE?

10 FURNACE LANE is 95m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 30% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 10 FURNACE LANE lies on this distribution: 27% of detached houses are smaller than 10 FURNACE LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Telford.

10 FURNACE LANE: Plot and Title Map

10 FURNACE LANE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 10 FURNACE LANE, 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 10 FURNACE LANE). 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 10 FURNACE LANE?

10 FURNACE LANE is located in TRENCH, in the TF2 postcode district. The below map shows the position of No. 10 on FURNACE LANE.