8, GARSTY LANE, LAWLEY, TELFORD, TF4 2TG - £204,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 GARSTY LANE is a very small detached house of 85m², which could now be worth an estimated £252,993. It was last sold for £204,000 in September 2020, which was around 25% below the average September 2020 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was A.

8 GARSTY LANE Sold Prices

Land registry data shows two sales for 8 GARSTY 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 8 GARSTY 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
2020 11 SEP	£204,000	£270,906	25% below HPI
2019 28 MAR	£204,995	£257,080	20% below HPI

8 GARSTY 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 8 GARSTY LANE sales from March 2019 and September 2020 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 March 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 GARSTY LANE be worth now?

8 GARSTY LANE might now be worth an estimated £252,993.

This is based on house price inflation of 24%, between September 2020 and February 2025, for detached houses, in the Telford and Wrekin local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24% inflationary increase is applied to the most recent sale price for 8 GARSTY LANE of £204,000 on 11th September 2020. For the value to have increased from £204,000 to £252,993 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 GARSTY LANE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The September 2020 sale price of £204,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GARSTY LANE has not materially changed since September 2020.

How Large is 8 GARSTY LANE?

8 GARSTY LANE is 85m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where 8 GARSTY LANE lies on this distribution: 15% of detached houses houses are smaller than 8 GARSTY LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Telford.

8 GARSTY LANE: Plot and Title Map

8 GARSTY LANE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 8 GARSTY 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 8 GARSTY 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 8 GARSTY LANE?

8 GARSTY LANE is located in LAWLEY, in the TF4 postcode district. The below map shows the position of No. 8 on GARSTY LANE.