2, RED LEES, TELFORD, TF1 5DE - £212,000

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 RED LEES is a small detached house of 94m², built sometime between 1950 and 1966. It was last sold for £212,000 in July 2015, which was around 6% below the average July 2015 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

2 RED LEES Sold Prices

Land registry data shows three sales for 2 RED LEES 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 RED LEES 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
2015 17 JUL	£212,000	£225,865	6% below HPI
2011 6 APR	£210,000	£214,064	2% below HPI
2002 20 JUN	£50,000	£130,182	62% below HPI

2 RED LEES 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 RED LEES sales between June 2002 and July 2015 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 2011 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 RED LEES?

2 RED LEES is 94m² according to the EPC inspection conducted in July 2009. 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 2 RED LEES lies on this distribution: 25% of detached houses are smaller than 2 RED LEES, and 75% of houses are larger. Note that EPC data is not available for all properties in Telford.

2 RED LEES: Plot and Title Map

2 RED LEES sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 2 RED LEES, 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 RED LEES). 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 RED LEES?

2 RED LEES is located in TELFORD, in the TF1 postcode district. The below map shows the position of No. 2 on RED LEES.