43, PARK LANE, OLD PARK, TELFORD, TF3 4TA - £240,000

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

43 PARK LANE is a large extended detached house of 124m², built sometime before 1900. It was last sold for £240,000 in March 2016, which was around 6% above the average March 2016 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

43 PARK LANE Sold Prices

Land registry data shows two sales for 43 PARK 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. One of the two 43 PARK LANE sales was for above the average price, whilst the other was 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
2016 24 MAR	£240,000	£227,062	6% above HPI
2000 14 JUL	£85,000	£94,221	10% below HPI

43 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 two 43 PARK LANE sales from July 2000 and March 2016 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2016 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 43 PARK LANE?

43 PARK LANE is 124m², which includes three extensions, according to the EPC inspection conducted in October 2015. 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 43 PARK LANE lies on this distribution: 65% of detached houses are smaller than 43 PARK LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Telford.

43 PARK LANE: Plot and Title Map

43 PARK LANE sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of 43 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 43 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 43 PARK LANE?

43 PARK LANE is located in OLD PARK, in the TF3 postcode district. The below map shows the position of No. 43 on PARK LANE.