48, CLARES LANE CLOSE, THE ROCK, TELFORD, TF3 5DA - £186,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 CLARES LANE CLOSE is a small extended detached house of 91m², built sometime between 1983 and 1990. It was last sold for £186,000 in October 2023, which was around 45% below the average October 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

48 CLARES LANE CLOSE Sold Prices

Land registry data shows two sales for 48 CLARES LANE CLOSE 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 48 CLARES LANE CLOSE 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 9 OCT	£186,000	£340,864	45% below HPI
2018 1 OCT	£158,000	£259,216	39% below HPI

48 CLARES LANE CLOSE 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 48 CLARES LANE CLOSE sales from October 2018 and October 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 October 2018 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2023 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 48 CLARES LANE CLOSE?

48 CLARES LANE CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in September 2015. 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 48 CLARES LANE CLOSE lies on this distribution: 21% of detached houses are smaller than 48 CLARES LANE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Telford.

48 CLARES LANE CLOSE: Plot and Title Map

48 CLARES LANE CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 48 CLARES LANE CLOSE, 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 48 CLARES LANE CLOSE). 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 48 CLARES LANE CLOSE?

48 CLARES LANE CLOSE is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 48 on CLARES LANE CLOSE.