8, Park Lane
8, Park Lane
Description & Estimates
Public records show 8, Park Lane, Telford to be a mid-century leasehold apartment with 764 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
8, Park Lane, Telford has an estimated sale value of £116,755 and an estimated rental value of £732 per month, assuming reasonable condition and based on the information available.
Park Lane, High Ercall, Telford, TF6 lies within the TF6 postal district.
Our Data Sources
8, Park Lane, Telford has a single entry in the Land Registry from November 2018 and a single entry in the EPC database dated October 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 8, Park Lane, Telford would be worth £122,593, with a potential rental value of £768 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £108,583, with a rental value of £681 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 8, Park Lane, Telford has decreased by £733 (0.6%) over the last year. During the same period, its estimated monthly rental value has grown by £18 (2.5%). The property's estimated gross yield is currently 7.5%.
Energy Efficiency
8, Park Lane, Telford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Oct 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Sold Prices
8, Park Lane, Telford last changed hands on 2nd November 2018, selling for £83,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 27.3% since November 2018.
- Sold Nov 2018£83,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.8 kilometres of 8, Park Lane, Telford across the last 2 years.
Most recently, 6, Park Lane, Telford, TF6 6BA, a leasehold flat, sold at £105,000 on the 8th February 2024.
Read more about house prices in TF6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 8, Park Lane, Telford as the 21st largest and the 24th most expensive of the 27 addresses on Park Lane, High Ercall, Telford, TF6.
Against the TF6 postcode district average, it is £136k less expensive than the typical property.
More reading links
Schools Nearby
- 200mHigh Ercall Primary School
- 4.2kmCrudgington Primary School
- 4.8kmSt Marys CofE Primary School
- 7.7kmCharlton School
- 8.3kmShrewsbury Academy
- 9.0kmErcall Wood Academy
More reading links
Public Transport Nearby
Wellington (Shropshire) station is the nearest stop to 8, Park Lane, Telford at 8.3 kilometres away.
- 8.3kmWellington (Shropshire)
- 10.7kmShrewsbury
- 10.8kmYorton
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
