24, LOWER WOOD, THE ROCK, TELFORD, TF3 5DN - £325,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

24 LOWER WOOD is a large detached house of 138m², built sometime between 1983 and 1990. It was last sold for £325,000 in November 2022, which was around 7% below the average November 2022 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

24 LOWER WOOD Sold Prices

Land registry data shows four sales for 24 LOWER WOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the four 24 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
2022 18 NOV	£325,000	£347,711	7% below HPI
2019 12 APR	£230,000	£260,335	12% below HPI
2013 11 FEB	£185,000	£203,476	9% below HPI
1997 17 OCT	£69,500	£79,018	12% below HPI

24 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 four 24 LOWER WOOD sales between October 1997 and November 2022 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 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 24 LOWER WOOD?

24 LOWER WOOD is 138m² according to the EPC inspection conducted in March 2016. This puts it in the largest 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 24 LOWER WOOD lies on this distribution: 77% of detached houses are smaller than 24 LOWER WOOD, and 22% of houses are larger. Note that EPC data is not available for all properties in Telford.

24 LOWER WOOD: Plot and Title Map

24 LOWER WOOD sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 24 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 24 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 24 LOWER WOOD?

24 LOWER WOOD is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 24 on LOWER WOOD.