The average property value in Telford and Wrekin is £221,451 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Telford and Wrekin grew by £22,568. Compare house prices by area
Average property prices in Telford and Wrekin grew by 11.3% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.7% per year.
If prices in Telford and Wrekin continue to rise by 3.7% a year, the average property price will be £255,750 in 2025.
There were 2,287 property sales in Telford and Wrekin in the year ending June 2021, a decrease of 122 when compared to the previous year.
The average price for a house in Telford and Wrekin ranges from £155,330 for a terraced house to £309,012 for a detached house, with semi-detached in between costing on average £174,676.
The average price for a flat or maisonette in Telford and Wrekin is £99,033.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Telford and Wrekin, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 41.0% from £219,151 to £309,012, semi-detached house prices have risen 30.5% from £133,804 to £174,676, terraced house prices have risen 30.4% from £119,073 to £155,330, and flat prices have risen 9.1% from £90,794 to £99,033.
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The most common type of property sold in Telford and Wrekin during the year ending June 2021 was detached houses, which accounted for 40.7% of properties.
The least commonly available type of property sold in Telford and Wrekin were flats, which account for 4.8% of properties sold.
Of the properties sold in Telford and Wrekin during 2021, 2.4% were new build properties.
The average price paid for a new build property in Telford and Wrekin was £80,718 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (67% of new build properties sold). For existing properties, the most common type is detached houses (39% of existing properties sold).
The most common price band for property sales in Telford and Wrekin is £200k - £300k, which accounted for 16.6% of properties sold in 2021.
The cheapest properties in Telford and Wrekin were in the under £50k price bracket, accounting for 0.2% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics