7, REDBURN CLOSE, KETLEY BANK, TELFORD, TF2 0EE - £220,000

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

7 REDBURN CLOSE is a small extended detached house of 103m², built sometime between 1983 and 1990. It was last sold for £220,000 in May 2019, which was around 15% below the average May 2019 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.

7 REDBURN CLOSE Sold Prices

Land registry data shows two sales for 7 REDBURN 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 7 REDBURN 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
2019 1 MAY	£220,000	£258,039	15% below HPI
2018 18 APR	£144,000	£248,028	42% below HPI

7 REDBURN 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 7 REDBURN CLOSE sales from April 2018 and May 2019 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 April 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 REDBURN CLOSE?

7 REDBURN CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 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 7 REDBURN CLOSE lies on this distribution: 37% of detached houses are smaller than 7 REDBURN CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Telford.

7 REDBURN CLOSE: Plot and Title Map

7 REDBURN CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 7 REDBURN 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 7 REDBURN 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 7 REDBURN CLOSE?

7 REDBURN CLOSE is located in KETLEY BANK, in the TF2 postcode district. The below map shows the position of No. 7 on REDBURN CLOSE.