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

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.

SAHERNE is a small extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £317,142. It was last sold for £240,000 in November 2018, which was around 6% 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	£254,246	6% below HPI
2009 13 NOV	£128,000	£201,927	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 6% below the HPI. The line then continues to track at 6% below the HPI.

What might SAHERNE be worth now?

SAHERNE might now be worth an estimated £317,142.

This is based on house price inflation of 32.1%, between November 2018 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 32.1% inflationary increase is applied to the most recent sale price for SAHERNE of £240,000 on 16th November 2018. For the value to have increased from £240,000 to £317,142 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of SAHERNE has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The November 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of SAHERNE has not materially changed since November 2018.

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 houses in Telford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Telford, and where SAHERNE lies on this distribution: 25% of detached houses 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.