2 New Works Lane

    2, NEW WORKS LANE, NEW WORKS, TELFORD, TF6 5BS

    This detached freehold property on New Works Lane last sold in December 2022 for £700,000. Based on price growth in the TF6 district since then, its estimated current value is £786,421 — placing it in the 93rd percentile nationally and the 96th percentile within TF6. The property covers 165 m² (1,776 sq ft), giving an estimated value of £4,766 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,776 sq ft

    165 m²

    Last Sale Price

    £700,000

    Dec 2022

    Estimated Valuation

    £786,421

    Est. £/sq ft

    £443/sq ft

    £4,766/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms7
    Main fueloil (not community)
    EPC currentD
    EPC potentialC
    Floor area1,776 sq ft (165 m²)
    EPC dateMay 2022
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, oil

    Transaction History

    16 Dec 2022

    £700,000

    Key Metrics

    Estimated valuation£786,421
    Value per sq ft / m²£443/sq ft (£4,766/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    TF6 district percentile96th percentile
    National percentile93rd percentile

    District Context — TF6

    TF6 covers the Market Drayton area and surrounding villages in north Shropshire, located in the English West Midlands. It is a rural and small-town postcode with a traditional character, appealing to families and those seeking quieter, countryside living.

    Average Property Price - TF6

    £368,678

    60

    National percentile

    Average Net Household Income - TF6

    £40,093

    59

    National percentile

    10-Year Annualised Price Growth - TF6

    3.2%

    36

    National percentile

    10-Year Annualised Rent Growth - TF

    3.6%

    38

    National percentile

    View full analysis for TF6

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