3, SEVERN BANK, IRONBRIDGE, TELFORD, TF8 7AN - £350,000

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

3 SEVERN BANK is a large extended detached house of 121m², built sometime before 1900. It was last sold for £350,000 in October 2017, which was around 40% above the average October 2017 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

3 SEVERN BANK Sold Prices

Land registry data shows four sales for 3 SEVERN BANK 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 3 SEVERN BANK 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 30 OCT	£350,000	£249,267	40% above HPI
2011 26 SEP	£315,000	£208,572	51% above HPI
2004 19 AUG	£257,450	£197,374	30% above HPI
2000 16 AUG	£133,000	£95,392	39% above HPI

3 SEVERN BANK 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 3 SEVERN BANK sales between August 2000 and October 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 September 2011 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the October 2017 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 3 SEVERN BANK?

3 SEVERN BANK is 121m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 40% 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 SEVERN BANK lies on this distribution: 61% of detached houses are smaller than 3 SEVERN BANK, and 39% of houses are larger. Note that EPC data is not available for all properties in Telford.

3 SEVERN BANK: Plot and Title Map

3 SEVERN BANK sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 3 SEVERN BANK, 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 SEVERN BANK). 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 SEVERN BANK?

3 SEVERN BANK is located in IRONBRIDGE, in the TF8 postcode district. The below map shows the position of No. 3 on SEVERN BANK.