40, PARK LANE, MADELEY, TELFORD, TF7 5HN - £157,000

40 PARK LANE is a very large extended detached house of 176m², built sometime between 1991 and 1995. It was last sold for £157,000 in July 2013, which was around 25% below the average July 2013 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was April 2020, where the current energy rating was D, and the potential energy rating was C.

40 PARK LANE Sold Prices

Land registry data shows three sales for 40 PARK LANE 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. Two of the three 40 PARK LANE sales were for below the average price, whilst one was for above 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
2013 12 JUL	£157,000	£210,555	25% below HPI
2003 10 JAN	£157,500	£152,917	3% above HPI
2001 20 APR	£96,000	£103,171	7% below HPI

40 PARK LANE 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 40 PARK LANE sales between April 2001 and July 2013 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 January 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2013 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 40 PARK LANE?

40 PARK LANE is 176m², which includes one extension, according to the EPC inspection conducted in April 2020. This puts it in the largest 10% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 40 PARK LANE lies on this distribution: 92% of detached houses are smaller than 40 PARK LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Telford.

40 PARK LANE: Plot and Title Map

40 PARK LANE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 40 PARK LANE, 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 40 PARK LANE). 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 40 PARK LANE?

40 PARK LANE is located in MADELEY, in the TF7 postcode district. The below map shows the position of No. 40 on PARK LANE.