NEWFI BUNGALOW, HARRIS LANE, IRONBRIDGE, TELFORD, TF8 7RD - £265,000

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

NEWFI BUNGALOW is a small extended detached house of 92m², built sometime between 1967 and 1975. It was last sold for £265,000 in January 2023, which was around 23% below the average January 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was B.

NEWFI BUNGALOW Sold Prices

Land registry data shows three sales for NEWFI BUNGALOW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the three NEWFI BUNGALOW 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 27 JAN	£265,000	£343,538	23% below HPI
2019 2 JUL	£240,000	£251,393	5% below HPI
2004 26 MAY	£142,000	£181,633	22% below HPI

NEWFI BUNGALOW 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 three NEWFI BUNGALOW sales between May 2004 and January 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 July 2019 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is NEWFI BUNGALOW?

NEWFI BUNGALOW is 92m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 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 NEWFI BUNGALOW lies on this distribution: 23% of detached houses are smaller than NEWFI BUNGALOW, and 76% of houses are larger. Note that EPC data is not available for all properties in Telford.

NEWFI BUNGALOW: Plot and Title Map

NEWFI BUNGALOW sits on a plot of roughly 0.193 of an acre, or 781m². The below map shows the location of NEWFI BUNGALOW, 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 NEWFI BUNGALOW). 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 NEWFI BUNGALOW?

NEWFI BUNGALOW is located on HARRIS LANE in IRONBRIDGE, in the TF8 postcode district. The below map shows the position of NEWFI BUNGALOW on HARRIS LANE.