Mill Bank - TF1 1RZ
Key Postcode Insights
TF1 1RZ is a residential postcode situated on Mill Bank, Wellington, Telford, TF1 with 11 addresses.
It ranks as the 373rd largest and 760th most expensive of the 1,112 postcodes in the TF1 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 9 houses and 2 flats.
- Ave. Sale Price
- £301,487
- 10 Year change
- up 45.5%
- Ave. Rental Price
- £1,111pcm
- 10 Year change
- up 49.5%
- Ave. £ per ft²
- £249/ft²
- Ave. Gross Yield
- 4.4%/year/yr
Key Postcode Insights
TF1 1RZ is a residential postcode situated on Mill Bank, Wellington, Telford, TF1 with 11 addresses.
It ranks as the 373rd largest and 760th most expensive of the 1,112 postcodes in the TF1 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 9 houses and 2 flats.
- Ave. Sale Price
- £301,487
- 10 Year change
- up 45.5%
- Ave. Rental Price
- £1,111pcm
- 10 Year change
- up 49.5%
- Ave. £ per ft²
- £249/ft²
- Ave. Gross Yield
- 4.4%/year/yr
Explore Propertiesin TF1 1RZ
- Conifers
3 Bed Mid-century House
- Redcroft
4 Bed Mid-century House
- 9 Mill Bank
2 Bed Period Flat
- 10 Mill Bank
Building  |  2 Flats
- 11A Mill Bank
4 Bed Period House
Sales Market Trends
The last sale in TF1 1RZ sold for £233,000 on 19th July 2024. Since then prices are down an average of 0.7%.
The current average value in the postcode is £301,487.
The TF1 1RZ Sales Market has increased by 45.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.6% | £301,487 |
| June 2025 | 0.9% | £306,262 |
| June 2024 | 2.3% | £303,579 |
| June 2023 | 2.8% | £296,668 |
| June 2022 | 12.6% | £288,563 |
| June 2021 | 9% | £256,171 |
| June 2020 | 2.8% | £234,945 |
| June 2019 | 4.2% | £228,574 |
| June 2018 | 2.1% | £219,375 |
| June 2017 | 3.7% | £214,829 |
| June 2016 | 2.3% | £207,147 |
| June 2015 | 2.6% | £202,404 |
| June 2014 | 3% | £197,357 |
| June 2013 | 0.8% | £191,636 |
| June 2012 | -1.6% | £190,174 |
| June 2011 | -3.3% | £193,172 |
| June 2010 | 8.1% | £199,732 |
| June 2009 | -13.4% | £184,779 |
| June 2008 | -3.6% | £213,431 |
| June 2007 | 0% | £221,506 |
Rental Market Trends
The current average rental value in the postcode is £1,111.
The TF1 1RZ Rental Market has increased by 49.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £1,111pcm |
| June 2025 | 5.8% | £1,075pcm |
| June 2024 | 5.8% | £1,015pcm |
| June 2023 | 7.9% | £960pcm |
| June 2022 | 9.4% | £889pcm |
| June 2021 | 5.9% | £813pcm |
| June 2020 | 0.3% | £768pcm |
| June 2019 | 0.9% | £766pcm |
| June 2018 | 1.2% | £759pcm |
| June 2017 | 0.9% | £750pcm |
| June 2016 | 0.5% | £743pcm |
| June 2015 | 3.3% | £740pcm |
| June 2014 | 1.9% | £716pcm |
| June 2013 | -1.1% | £702pcm |
| June 2012 | 0% | £710pcm |
| June 2011 | -0.2% | £711pcm |
| June 2010 | 3.4% | £712pcm |
| June 2009 | -5.1% | £689pcm |
| June 2008 | 0.6% | £726pcm |
| June 2007 | 0% | £722pcm |
Sales History
The last sale was on 19th July 2024 for £233,000 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 10 sales since 1995.
TF1 1RZ has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jul 2024£233,000 | 4 Bed House11, Mill Bank, Telford, TF1 1RZ11, Mill Bank, Telford, TF1 1RZ
- Sold Nov 2020£178,000 | 4 Bed House11, Mill Bank, Telford, TF1 1RZ11, Mill Bank, Telford, TF1 1RZ
- Sold Jul 2016£170,000 | 4 Bed House11, Mill Bank, Telford, TF1 1RZ11, Mill Bank, Telford, TF1 1RZ
- Sold Oct 2006£140,500 | 4 Bed House11, Mill Bank, Telford, TF1 1RZ11, Mill Bank, Telford, TF1 1RZ
- Sold Nov 2005£136,500 | 4 Bed House11, Mill Bank, Telford, TF1 1RZ11, Mill Bank, Telford, TF1 1RZ
Nearby Postcodes
TF1 1RZ is the 373rd largest and the 760th most expensive postcode out of the 1,112 postcodes in the TF1 area.
- TF1 1SP, Green Man Close, Wellington, Telford, TF1TF1 1SP13 Addresses|49 m away
- TF1 1PJ, Ellen Court, Wellington, Telford, TF1TF1 1PJ4 Addresses|50 m away
- TF1 1RX, Mill Bank, Wellington, Telford, TF1TF1 1RX17 Addresses|69 m away
- TF1 1RW, Church Walk, Wellington, Telford, TF1TF1 1RW8 Addresses|89 m away
- TF1 1JF, School Lane, Ketley, Telford, TF1TF1 1JF12 Addresses|93 m away
Property Types
- 5 period houses built between 1800 and 1911
- 3 period flats built between 1800 and 1911
- 2 mid-century houses built between 1936 and 1979
- 1 other address of unknown type
- period house (5)
- period flat (3)
- mid-century house (2)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 10 properties.
- The most common rating is C.
- A (0)
- E (3)
- B (0)
- F (0)
- C (3)
- G (1)
- D (3)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Mar 2019£750,000 | 3 Bed HouseStelley House, Mill Bank, Telford, TF1 1RXStelley House, Mill Bank, Telford, TF1 1RX
- Sold Aug 2022£375,000 | 5 Bed House24, Mill Bank, Telford, TF1 1SD24, Mill Bank, Telford, TF1 1SD
- Sold May 2025£292,500 | 5 Bed House75, Mill Bank, Telford, TF1 1SD75, Mill Bank, Telford, TF1 1SD
Schools Nearby
- Short Wood Primary School300 m away
- Millbrook Primary School and Nursery1.3 km away
- Wrekin View Primary School1.4 km away
- Ercall Wood Academy700 m away
- Charlton School1.4 km away
- Hadley Learning Community - Secondary Phase2.0 km away
More reading links
Public Transport Nearby
The closest station to TF1 1RZ is Wellington (Shropshire) station, which is 700 metres away.
- Wellington (Shropshire)|700 m away
- Oakengates|4.0 km away
- Telford Central|4.9 km away
- Shifnal|9.9 km away
