3, PARK LANE, OLD PARK, TELFORD, TF3 4TQ - £336,500

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

3 PARK LANE is a very large detached house of 152m², built sometime between 1983 and 1990. It was last sold for £336,500 in August 2011, which was around 63% above the average August 2011 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

3 PARK LANE Sold Prices

Land registry data shows three sales for 3 PARK 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 3 PARK 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
2011 12 AUG	£336,500	£205,993	63% above HPI
2007 16 NOV	£320,000	£231,002	39% above HPI
2005 10 JUN	£280,000	£198,987	41% above HPI

3 PARK 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 3 PARK LANE sales between June 2005 and August 2011 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 November 2007 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2011 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 3 PARK LANE?

3 PARK LANE is 152m² according to the EPC inspection conducted in May 2011. This puts it in the largest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 3 PARK LANE lies on this distribution: 86% of detached houses are smaller than 3 PARK LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 PARK LANE: Plot and Title Map

3 PARK LANE sits on a plot of roughly 0.272 of an acre, or 1,102m². The below map shows the location of 3 PARK 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 PARK 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 PARK LANE?

3 PARK LANE is located in OLD PARK, in the TF3 postcode district. The below map shows the position of No. 3 on PARK LANE.