2, MILL LANE, MADELEY, TELFORD, TF7 5DY - £350,000

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 MILL LANE is a very large extended detached house of 194m², built sometime between 1976 and 1982. It was last sold for £350,000 in June 2021, which was around 17% above the average June 2021 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows three sales for 2 MILL 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 2 MILL LANE 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
2021 25 JUN	£350,000	£298,294	17% above HPI
2009 25 MAR	£220,000	£207,305	6% above HPI
1996 13 APR	£73,000	£71,908	2% above HPI

2 MILL 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 2 MILL LANE sales between April 1996 and June 2021 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 2009 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 194m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the largest 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 MILL LANE lies on this distribution: 95% of detached houses are smaller than 2 MILL LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 2 MILL 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 MILL 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 MILL LANE?

2 MILL LANE is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 2 on MILL LANE.