60, FURNACE LANE, TRENCH, TELFORD, TF2 7JE - £125,000

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

60 FURNACE LANE is a very small extended detached house of 71m², built sometime between 1900 and 1929. It was last sold for £125,000 in September 2023, which was around 63% below the average September 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

60 FURNACE LANE Sold Prices

Land registry data shows two sales for 60 FURNACE 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. Both of the two 60 FURNACE LANE 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 11 SEP	£125,000	£341,025	63% below HPI
2007 21 SEP	£115,000	£233,237	51% below HPI

60 FURNACE 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 60 FURNACE LANE sales from September 2007 and September 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 September 2007 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the September 2023 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

How Large is 60 FURNACE LANE?

60 FURNACE LANE is 71m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 60 FURNACE LANE lies on this distribution: 6% of detached houses are smaller than 60 FURNACE LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Telford.

60 FURNACE LANE: Plot and Title Map

60 FURNACE LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 60 FURNACE 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 60 FURNACE 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 60 FURNACE LANE?

60 FURNACE LANE is located in TRENCH, in the TF2 postcode district. The below map shows the position of No. 60 on FURNACE LANE.