40, LOWER WOOD, THE ROCK, TELFORD, TF3 5DN - £250,000

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

40 LOWER WOOD is a small extended detached house of 98m², built sometime between 1983 and 1990. It was last sold for £250,000 in June 2023, which was around 28% below the average June 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

40 LOWER WOOD Sold Prices

Land registry data shows five sales for 40 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 40 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 12 JUN	£250,000	£346,641	28% below HPI
2012 16 MAR	£170,000	£203,410	16% below HPI
2005 9 DEC	£165,000	£203,250	19% below HPI
2001 11 MAY	£92,000	£104,627	12% below HPI
1995 8 DEC	£59,950	£70,565	15% below HPI

40 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 40 LOWER WOOD sales between December 1995 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 March 2012 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 40 LOWER WOOD?

40 LOWER WOOD is 98m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 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 40 LOWER WOOD lies on this distribution: 30% of detached houses are smaller than 40 LOWER WOOD, and 69% of houses are larger. Note that EPC data is not available for all properties in Telford.

40 LOWER WOOD: Plot and Title Map

40 LOWER WOOD sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 40 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 40 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 40 LOWER WOOD?

40 LOWER WOOD is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 40 on LOWER WOOD.