THE OLD SURGERY, SEVERN BANK, IRONBRIDGE, TELFORD, TF8 7AN - £225,000

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.

THE OLD SURGERY is a very small detached house of 65m², built sometime before 1900, which could now be worth an estimated £313,579. It was last sold for £225,000 in February 2017, which was around 7% below the average February 2017 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2016, where the current energy rating was F, and the potential energy rating was D.

THE OLD SURGERY Sold Prices

Land registry data shows five sales for THE OLD SURGERY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. Most of the five THE OLD SURGERY 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
2017 17 FEB	£225,000	£241,064	7% below HPI
2016 12 DEC	£250,000	£237,136	5% above HPI
2012 17 DEC	£212,000	£202,175	5% above HPI
2004 22 OCT	£175,000	£199,087	12% below HPI
1995 27 SEP	£66,500	£68,681	3% below HPI

THE OLD SURGERY 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 five THE OLD SURGERY sales between September 1995 and February 2017 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 December 2016 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2017 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might THE OLD SURGERY be worth now?

THE OLD SURGERY might now be worth an estimated £313,579.

This is based on house price inflation of 39.4%, between February 2017 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 39.4% inflationary increase is applied to the most recent sale price for THE OLD SURGERY of £225,000 on 17th February 2017. For the value to have increased from £225,000 to £313,579 over the eight years to February 2025, the following assumptions must hold true:

• The value of THE OLD SURGERY has moved in line with the HPI for detached houses in the Telford and Wrekin local authority area.
• The February 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SURGERY has not materially changed since February 2017.

How Large is THE OLD SURGERY?

THE OLD SURGERY is 65m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% 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 THE OLD SURGERY lies on this distribution: 4% of detached houses houses are smaller than THE OLD SURGERY, and 96% of houses are larger. Note that EPC data is not available for all properties in Telford.

THE OLD SURGERY: Plot and Title Map

THE OLD SURGERY sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of THE OLD SURGERY, 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 THE OLD SURGERY). 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 THE OLD SURGERY?

THE OLD SURGERY is located on SEVERN BANK in IRONBRIDGE, in the TF8 postcode district. The below map shows the position of THE OLD SURGERY on SEVERN BANK.