16, Reed Close
16, Reed Close
Description & Estimates
16, Reed Close, Telford is recorded publicly as a modern freehold house across 1,140 ft2 of internal area, sitting on a 362 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 16, Reed Close, Telford is £253,552 and its rental estimate is £1,239 per month, given the available information and assuming reasonable condition.
Reed Close, St. Georges, Telford, TF2 falls within the TF2 postal district.
Our Data Sources
16, Reed Close, Telford has 21 entries in the Land Registry , most recently in August 2017 and a single entry in the EPC database dated June 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Reed Close, Telford, we estimate a market value of £266,229 and a rental value of £1,301 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £235,803 and £1,152 per month respectively.
Recent Market Change
Over the last year, 16, Reed Close, Telford has seen its estimated sale value drop by £2,443 (1.0%) and its estimated rental value rise by £18 per month (1.4%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 16, Reed Close, Telford as measuring 362 m2.
That makes it the 2nd largest plot in the postcode, where all 15 other houses have recorded plot data.
Energy Efficiency
16, Reed Close, Telford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Jun 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, Reed Close, Telford completed on 24th August 2017 at £200,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 72.5% over the period since August 2017.
- Sold Aug 2017£200,000
- Sold Jan 1997£65,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Reed Close, Telford have sold within a radius of 690 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th December 2024, was 137, Walker Crescent, Telford, TF2 9QD, a freehold house which sold for £260,000.
Read more about house prices in TF2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Reed Close, St. Georges, Telford, TF2, 16, Reed Close, Telford comes out as the largest and the most expensive in our analysis of the public data.
It is also £991 more expensive than the average property across the TF2 district.
More reading links
Schools Nearby
- 900mSt George's Church of England Primary School
- 1.2kmWrockwardine Wood Infant School and Nursery
- 1.3kmWombridge Primary School
- 1.0kmNew Road Academy
- 2.2kmHoly Trinity Academy
- 2.7kmHadley Learning Community - Secondary Phase
More reading links
Public Transport Nearby
From 16, Reed Close, Telford, the nearest station is Oakengates, 1.0 kilometres away.
- 1.0kmOakengates
- 2.1kmTelford Central
- 5.2kmWellington (Shropshire)
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
