SAHERNE, QUARRY LANE, RED LAKE, TELFORD, TF1 5ED - £240,000

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

SAHERNE is a small extended detached house of 94m², built sometime between 1930 and 1949. It was last sold for £240,000 in November 2018, which was around 7% below the average November 2018 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

SAHERNE Sold Prices

Land registry data shows two sales for SAHERNE 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 SAHERNE 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
2018 16 NOV	£240,000	£257,666	7% below HPI
2009 13 NOV	£128,000	£204,643	37% below HPI

SAHERNE 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 SAHERNE sales from November 2009 and November 2018 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 November 2009 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2018 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is SAHERNE?

SAHERNE is 94m², which includes two extensions, according to the EPC inspection conducted in October 2017. 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 SAHERNE lies on this distribution: 25% of detached houses are smaller than SAHERNE, and 74% of houses are larger. Note that EPC data is not available for all properties in Telford.

SAHERNE: Plot and Title Map

SAHERNE sits on a plot of roughly 0.222 of an acre, or 898m². The below map shows the location of SAHERNE, 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 SAHERNE). 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 SAHERNE?

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