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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
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According to the public record, The Forge, Telford is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,157 ft2 of internal area and sits on a 990 m2 plot and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for The Forge, Telford is £755,440 and the estimated rental value is £2,328 per month.
Preston, Telford, TF6 is located within the TF6 postal district.
The Forge, Telford has a single entry in the Land Registry from September 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If The Forge, Telford is in very good condition we estimate a sale value of £793,212 and a rental value of £2,444 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £702,559 and a rental value of £2,165 per month.
Over the last 12 months the sale value of The Forge Telford has increased by an estimated £5,433 (0.7%) and its rental value has increased by an estimated £51 per month (2.2%), giving an expected gross yield of 3.7%.
According to data from HM Land Registry, The Forge, Telford sits on a plot of 990m2.
We have plot size data on 28 out of 42 other houses in the postcode and The Forge, Telford sits on the 15th largest plot.
According to HM Land Registry, The Forge, Telford was last sold on 29th September 2021 for £680,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2021, the market for similar properties has dropped 18.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Forge, Telford within a radius of 2.7 kilometres over the last 2 years.
The most recent example is 3, Home Farm, Telford, TF6 6EH, a freehold house which sold for £649,950 on the 26th October 2021.
Read more about house prices in TF6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston, Telford, TF6 has a total of 49 addresses. According to our analysis of all the public data, The Forge, Telford is the 19th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £499k more expensive than the average property in TF6.
The closest station to The Forge, Telford is Wellington (Shropshire) station which is 4.8 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around The Forge, Telford, 54.4% of property is privately owned outright and 32.6% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around The Forge, Telford, 15.6% of residents are recorded as possessing school level qualifications and 41.9% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Forge, Telford, the average age was 43.7 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around The Forge, Telford, 3.4% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around The Forge, Telford, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
