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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
TF1 1RZHouse Prices / West Midlands, Telford and Wrekin, Mill Bank
Last updated May 2026
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 717th most expensive of the 1,112 postcodes in the TF1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 9 houses and 2 flats.
11
Properties
- Houses
- Flats
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 717th most expensive of the 1,112 postcodes in the TF1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 9 houses and 2 flats.
11
Properties
- Houses
- Flats
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House Pricesin TF1 1RZ
Sale prices range from £104,919 for 2 bedroom Leasehold flats with a garden (871 ft2) to £729,184 for 5 bedroom freehold houses with a garden (2,382 ft2) .
Monthly rental prices range from £611 pcm for 2 bed flats to £2,317 pcm for 5 bed houses.
The gross rental yield is between 3.8% and 7.0%.
The average value per square foot is £219.
Average Sale Value
£273,927
Average Rental Value
£1,136 pcm
Average Rental Yield
5.0% /year
Average Value Per Sqft
£219 /ft2
Sales Market Trendsin TF1 1RZ
The last sale in TF1 1RZ sold for £233,000 on 19th July 2024. Since then prices are up an average of 1.5%.
The current average value in the postcode is £273,927.
The TF1 1RZ Sales Market has increased by 50.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.9% | £273,927 |
| April 2025 | 0.4% | £268,939 |
| April 2024 | 1.8% | £267,987 |
| April 2023 | 5.5% | £263,289 |
| April 2022 | 12.7% | £249,646 |
| April 2021 | 7.1% | £221,611 |
| April 2020 | 1.9% | £206,963 |
| April 2019 | 5.1% | £203,189 |
| April 2018 | 2.1% | £193,372 |
| April 2017 | 4.3% | £189,442 |
| April 2016 | 1.2% | £181,604 |
| April 2015 | 3.3% | £179,367 |
| April 2014 | 2.8% | £173,576 |
| April 2013 | 2.4% | £168,920 |
| April 2012 | -2.4% | £164,906 |
| April 2011 | -2.5% | £168,885 |
| April 2010 | 5.6% | £173,266 |
| April 2009 | -14.2% | £164,023 |
| April 2008 | -1.6% | £191,077 |
| April 2007 | 0% | £194,152 |
Rental Market Trendsin TF1 1RZ
The current average rental value in the postcode is £1,136.
The TF1 1RZ Rental Market has increased by 47.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.1% | £1,136pcm |
| April 2025 | 5.9% | £1,092pcm |
| April 2024 | 6% | £1,031pcm |
| April 2023 | 7% | £972pcm |
| April 2022 | 9.9% | £909pcm |
| April 2021 | 4.3% | £827pcm |
| April 2020 | 1.3% | £793pcm |
| April 2019 | 0.5% | £783pcm |
| April 2018 | 0.7% | £779pcm |
| April 2017 | 0.6% | £774pcm |
| April 2016 | 1.3% | £769pcm |
| April 2015 | 3.2% | £759pcm |
| April 2014 | 1.2% | £736pcm |
| April 2013 | 0.4% | £727pcm |
| April 2012 | -1.4% | £724pcm |
| April 2011 | 1.5% | £734pcm |
| April 2010 | 1.5% | £723pcm |
| April 2009 | -4.9% | £712pcm |
| April 2008 | 2.8% | £749pcm |
| April 2007 | 0% | £729pcm |
Properties and Buildingsin TF1 1RZ, Mill Bank, Wellington, Telford, TF1
- Conifers, Mill Bank, Telford, TF1 1RZ4 bed mid-century house
- Redcroft, Mill Bank, Telford, TF1 1RZ4 bed mid-century house
- 9, Mill Bank, Telford, TF1 1RZ2 bed period flat
- 10, Mill Bank, Wellington, Telford, TF1 Period building2 units
- 11A, Mill Bank, Telford, TF1 1RZ4 bed period house
- 11, Mill Bank, Telford, TF1 1RZ4 bed period house
- 12, Mill Bank, Telford, TF1 1RZ2 bed period house
- 14, Mill Bank, Telford, TF1 1RZ3 bed period house
- 16, Mill Bank, Telford, TF1 1RZ5 bed period house
- 18, Mill Bank, Telford, TF1 1RZ
Sales Historyin TF1 1RZ
The last sale was on 19th July 2024 for £233,000 and since then the market in the area has increased by 1.5%. 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 HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Nov 2020£178,000 | 4 Bed HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Jul 2016£170,000 | 4 Bed HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Oct 2006£140,500 | 4 Bed HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Nov 2005£136,500 | 4 Bed HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Mar 2003£68,000 | 4 Bed HouseMill BankRedcroft, Mill Bank, Telford, TF1 1RZ
Sold Aug 2002£77,000 | 4 Bed HouseMill Bank11, Mill Bank, Telford, TF1 1RZ
Sold Oct 1999£60,000 | 4 Bed HouseMill Bank11A, Mill Bank, Telford, TF1 1RZ
Sold Mar 1998£130,000 | 5 Bed HouseMill Bank16, Mill Bank, Telford, TF1 1RZ
Sold Mar 1998£160,000 | 5 Bed HouseMill Bank18, Mill Bank, Telford, TF1 1RZ
Nearby Postcodesto TF1 1RZ
TF1 1RZ is the 373rd largest and the 717th most expensive postcode out of the 1,112 postcodes in the TF1 area.
- 49 mTF1 1SP, Green Man Close, Wellington, Telford, TF1TF1 1SP13 Addresses
- 50 mTF1 1PJ, Ellen Court, Wellington, Telford, TF1TF1 1PJ4 Addresses
- 69 mTF1 1RX, Mill Bank, Wellington, Telford, TF1TF1 1RX17 Addresses
- 89 mTF1 1RW, Church Walk, Wellington, Telford, TF1TF1 1RW8 Addresses
- 93 mTF1 1JF, School Lane, Telford, TF1TF1 1JF12 Addresses
- 113 mTF1 1JG, Princes Street, Wellington, Telford, TF1TF1 1JG4 Addresses
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Property Typesin TF1 1RZ
- 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 Efficiencyof properties in TF1 1RZ
- Energy Performance Certificate (EPC) surveys conducted for 10 properties.
- The dominant rating is C.
- A (0)
- E (3)
- B (0)
- F (0)
- C (3)
- G (1)
- D (3)
- No EPC (1)
Schools Nearbyto TF1 1RZ
The nearest primary school to TF1 1RZ is Short Wood Primary School which is 321 metres away.
- 321mShort Wood Primary School
- 1.3kmMillbrook Primary School and Nursery
- 1.4kmWrekin View Primary School
The nearest secondary school is Ercall Wood Academy which is 714 metres away.
- 714mErcall Wood Academy
- 1.4kmCharlton School
- 2.0kmHadley Learning Community - Secondary Phase
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Public Transport Nearbyto TF1 1RZ
The closest station to TF1 1RZ is Wellington (Shropshire) station which is 700 metres away.
- 699mWellington (Shropshire)
- 4.0kmOakengates
- 4.9kmTelford Central
- 9.9kmShifnal
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