7, SPRING TERRACE, THE ROCK, TELFORD, TF3 5AQ - £240,000

7 SPRING TERRACE is a small extended detached house of 91m², built sometime before 1900. It was last sold for £240,000 in October 2019, which was around 9% below the average October 2019 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

7 SPRING TERRACE Sold Prices

Land registry data shows three sales for 7 SPRING TERRACE 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 7 SPRING TERRACE 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
2019 8 OCT	£240,000	£263,911	9% below HPI
2002 31 MAY	£125,000	£126,005	1% below HPI
1998 11 SEP	£74,000	£82,209	10% below HPI

7 SPRING TERRACE 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 7 SPRING TERRACE sales between September 1998 and October 2019 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 May 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2019 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 SPRING TERRACE?

7 SPRING TERRACE is 91m², which includes one extension, according to the EPC inspection conducted in June 2018. 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 7 SPRING TERRACE lies on this distribution: 21% of detached houses are smaller than 7 SPRING TERRACE, and 78% of houses are larger. Note that EPC data is not available for all properties in Telford.

7 SPRING TERRACE: Plot and Title Map

7 SPRING TERRACE sits on a plot of roughly 0.175 of an acre, or 710m². The below map shows the location of 7 SPRING TERRACE, 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 7 SPRING TERRACE). 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 7 SPRING TERRACE?

7 SPRING TERRACE is located in THE ROCK, in the TF3 postcode district. The below map shows the position of No. 7 on SPRING TERRACE.