2, LAMBETH DRIVE, PRIORSLEE, TELFORD, TF2 9FF - £210,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 LAMBETH DRIVE is a small detached house of 103m², built sometime between 1996 and 2002. It was last sold for £210,000 in September 2018, which was around 20% below the average September 2018 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

2 LAMBETH DRIVE Sold Prices

Land registry data shows three sales for 2 LAMBETH DRIVE 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 2 LAMBETH DRIVE 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 6 SEP	£210,000	£261,376	20% below HPI
2014 3 OCT	£185,000	£219,104	16% below HPI
2002 18 DEC	£128,500	£150,137	14% below HPI

2 LAMBETH DRIVE 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 2 LAMBETH DRIVE sales between December 2002 and September 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 October 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 LAMBETH DRIVE?

2 LAMBETH DRIVE is 103m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 2 LAMBETH DRIVE lies on this distribution: 37% of detached houses are smaller than 2 LAMBETH DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 LAMBETH DRIVE: Plot and Title Map

2 LAMBETH DRIVE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 2 LAMBETH DRIVE, 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 2 LAMBETH DRIVE). 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 2 LAMBETH DRIVE?

2 LAMBETH DRIVE is located in PRIORSLEE, in the TF2 postcode district. The below map shows the position of No. 2 on LAMBETH DRIVE.