BURWAY HOUSE, QUARRY LANE, RED LAKE, TELFORD, TF1 5EB - £400,000

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

BURWAY HOUSE is a very large detached house of 157m², built in 2017. It was last sold for £400,000 in June 2024, which was around 12% above the average June 2024 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was December 2021, where the current energy rating was B, and the potential energy rating was A.

BURWAY HOUSE Sold Prices

Land registry data shows two sales for BURWAY HOUSE 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. One of the two BURWAY HOUSE sales was for above the average price, whilst the other was 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
2024 5 JUN	£400,000	£356,357	12% above HPI
2016 21 OCT	£60,000	£236,575	75% below HPI

BURWAY HOUSE 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 BURWAY HOUSE sales from October 2016 and June 2024 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 2016 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the June 2024 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is BURWAY HOUSE?

BURWAY HOUSE is 157m² according to the EPC inspection conducted in December 2021. This puts it in the largest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where BURWAY HOUSE lies on this distribution: 87% of detached houses are smaller than BURWAY HOUSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Telford.

BURWAY HOUSE: Plot and Title Map

BURWAY HOUSE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of BURWAY HOUSE, 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 BURWAY HOUSE). 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 BURWAY HOUSE?

BURWAY HOUSE is located on QUARRY LANE in RED LAKE, in the TF1 postcode district. The below map shows the position of BURWAY HOUSE on QUARRY LANE.