78, SHEPHERDS LANE, RED LAKE, TELFORD, TF1 5EH - £274,950

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

78 SHEPHERDS LANE is a large detached house of 133m², built sometime between 2007 and 2011. It was last sold for £274,950 in August 2019, which was around 7% above the average August 2019 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

78 SHEPHERDS LANE Sold Prices

Land registry data shows two sales for 78 SHEPHERDS 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 78 SHEPHERDS LANE sales were for above 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 9 AUG	£274,950	£256,437	7% above HPI
2016 15 SEP	£245,000	£234,473	4% above HPI

78 SHEPHERDS 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 78 SHEPHERDS LANE sales from September 2016 and August 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 September 2016 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2019 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 78 SHEPHERDS LANE?

78 SHEPHERDS LANE is 133m² according to the EPC inspection conducted in November 2023. This puts it in the largest 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 78 SHEPHERDS LANE lies on this distribution: 73% of detached houses are smaller than 78 SHEPHERDS LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Telford.

78 SHEPHERDS LANE: Plot and Title Map

78 SHEPHERDS LANE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 78 SHEPHERDS 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 78 SHEPHERDS 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 78 SHEPHERDS LANE?

78 SHEPHERDS LANE is located in RED LAKE, in the TF1 postcode district. The below map shows the position of No. 78 on SHEPHERDS LANE.