8, QUARRY LANE, RED LAKE, TELFORD, TF1 5EE - £175,000

8 QUARRY LANE is a very small extended detached house of 88m², built sometime before 1900. It was last sold for £175,000 in September 2012, which was around 16% below the average September 2012 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

8 QUARRY LANE Sold Prices

Land registry data shows two sales for 8 QUARRY LANE 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. One of the two 8 QUARRY LANE sales was for below the average price, whilst the other 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
2012 6 SEP	£175,000	£208,845	16% below HPI
1998 21 AUG	£88,000	£82,302	7% above HPI

8 QUARRY 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 two 8 QUARRY LANE sales from August 1998 and September 2012 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 August 1998 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2012 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 QUARRY LANE?

8 QUARRY LANE is 88m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Telford, based on EPC data. The below chart shows the distribution of detached houses by size in Telford, and where 8 QUARRY LANE lies on this distribution: 19% of detached houses are smaller than 8 QUARRY LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Telford.

8 QUARRY LANE: Plot and Title Map

8 QUARRY LANE sits on a plot of roughly 0.226 of an acre, or 916m². The below map shows the location of 8 QUARRY 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 8 QUARRY 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 8 QUARRY LANE?

8 QUARRY LANE is located in RED LAKE, in the TF1 postcode district. The below map shows the position of No. 8 on QUARRY LANE.