3, COLLEGE LANE, WELLINGTON, TELFORD, TF1 3DH - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 COLLEGE LANE is a very large extended detached house of 160m², built sometime between 1976 and 1982, which could now be worth an estimated £466,884. It was last sold for £335,000 in February 2017, which was around 39% above the average February 2017 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

3 COLLEGE LANE Sold Prices

Land registry data shows two sales for 3 COLLEGE 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 3 COLLEGE 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
2017 6 FEB	£335,000	£241,064	39% above HPI
2000 31 JUL	£145,000	£92,970	56% above HPI

3 COLLEGE 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 3 COLLEGE LANE sales from July 2000 and February 2017 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 July 2000 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the February 2017 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 3 COLLEGE LANE be worth now?

3 COLLEGE LANE might now be worth an estimated £466,884.

This is based on house price inflation of 39.4%, between February 2017 and February 2025, for detached houses, in the Telford and Wrekin local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.4% inflationary increase is applied to the most recent sale price for 3 COLLEGE LANE of £335,000 on 6th February 2017. For the value to have increased from £335,000 to £466,884 over the eight years to February 2025, the following assumptions must hold true:

• The value of 3 COLLEGE LANE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The February 2017 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLLEGE LANE has not materially changed since February 2017.

How Large is 3 COLLEGE LANE?

3 COLLEGE LANE is 160m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where 3 COLLEGE LANE lies on this distribution: 88% of detached houses houses are smaller than 3 COLLEGE LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 COLLEGE LANE: Plot and Title Map

3 COLLEGE LANE sits on a plot of roughly 0.206 of an acre, or 834m². The below map shows the location of 3 COLLEGE 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 3 COLLEGE 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 3 COLLEGE LANE?

3 COLLEGE LANE is located in WELLINGTON, in the TF1 postcode district. The below map shows the position of No. 3 on COLLEGE LANE.