22, LOWER WOOD, THE ROCK, TELFORD, TF3 5DN - £275,000

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

22 LOWER WOOD is a very small detached house of 64m², built sometime between 1983 and 1990. It was last sold for £275,000 in June 2023, which was around 21% below the average June 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

22 LOWER WOOD Sold Prices

Land registry data shows five sales for 22 LOWER WOOD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the five 22 LOWER WOOD 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
2023 21 JUN	£275,000	£346,641	21% below HPI
2019 14 FEB	£157,500	£257,719	39% below HPI
2018 28 SEP	£160,000	£261,376	39% below HPI
2005 29 JUN	£145,000	£198,987	27% below HPI
1999 3 NOV	£67,950	£87,455	22% below HPI

22 LOWER WOOD 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 five 22 LOWER WOOD sales between November 1999 and June 2023 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 February 2019 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 22 LOWER WOOD?

22 LOWER WOOD is 64m² according to the EPC inspection conducted in September 2018. 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 22 LOWER WOOD lies on this distribution: 3% of detached houses are smaller than 22 LOWER WOOD, and 97% of houses are larger. Note that EPC data is not available for all properties in Telford.

22 LOWER WOOD: Plot and Title Map

22 LOWER WOOD sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 22 LOWER WOOD, 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 22 LOWER WOOD). 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 22 LOWER WOOD?

22 LOWER WOOD is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 22 on LOWER WOOD.