2, LIGHT LANE, TELFORD, TF3 5GT - £123,500

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 LIGHT LANE is a very small detached house of 50m². It was last sold for £123,500 in May 2018, which was around 50% below the average May 2018 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was A.

2 LIGHT LANE Sold Prices

Land registry data shows two sales for 2 LIGHT LANE 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. Both of the two 2 LIGHT 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
2018 31 MAY	£123,500	£247,271	50% below HPI
2014 27 JUN	£117,000	£213,635	45% below HPI

2 LIGHT 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 two 2 LIGHT LANE sales from June 2014 and May 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 June 2014 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2018 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 LIGHT LANE?

2 LIGHT LANE is 50m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% 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 LIGHT LANE lies on this distribution: Less than 1% of detached houses are smaller than 2 LIGHT LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 LIGHT LANE: Plot and Title Map

2 LIGHT LANE sits on a plot of roughly 0.020 of an acre, or 80m². The below map shows the location of 2 LIGHT 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 2 LIGHT 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 2 LIGHT LANE?

2 LIGHT LANE is located in TELFORD, in the TF3 postcode district. The below map shows the position of No. 2 on LIGHT LANE.