House prices in TF4 3 (Telford)

This article reveals price per square metre data and various charts to help you understand current housing market in 'TF4 3' (Telford, Dawley) - statistics were last calculated on 30 August 2024.


Defining 'TF4 3'

This analysis is limited to properties whose postcode starts with "TF4 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Telford.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Telford is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 53, Suffolk Way, Telford, Dawley, sold for £280,000 on Jun-2024. Given the internal area of 93 square metres, the price per sqm is £3,010.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 198 sales in Telford (TF4 3) that took place in the last two years.

Distribution of £ per sqm for Telford, Dawley
Distribution of £ per sqm house prices in Telford

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Telford (TF4 3). Of the 198 transactions, half were sold for between £2,030 and £3,030 per square metre. The median, or 'middle', price per square metre in 'TF4 3' is £2,600. Notably, only 25% of properties that sold recently were valued at more than £3,030 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Telford, Dawley

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Dawley. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

Property price heatmap for Telford
House price heatmap for Telford, Dawley

Comparison with neighbouring postcode sectors

The table below shows how 'TF4 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
TF4 3 Telford £2,030 sqm £2,600 sqm £3,030 sqm
TF4 2 Dawley £2,040 sqm £2,390 sqm £2,820 sqm

Will Dawley house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for TF4 3 (Telford) compared with both the wider area TF4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Telford,Dawley
House price trends for Telford

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent TF4 3 sales
Recent trends for Telford

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Dawley to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Dawley and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street Avg size Avg £sqm Recent sales
Rays Meadow, Telford, TF4 3G 88 sqm £2,127 15
Beedles Close, Telford, TF4 3S 58 sqm £2,446 13
Ever Ready Crescent, Telford, TF4 3G 97 sqm £2,885 12
The Dingle, Telford, TF4 3F 125 sqm £2,060 12
Gittens Drive, Telford, TF4 3S 63 sqm £2,867 10
Stocking Park Road, Telford, TF4 3Q 107 sqm £2,396 10
Suffolk Way, Telford, TF4 3U 78 sqm £2,807 9
Webb Crescent, Telford, TF4 3D 77 sqm £1,637 8

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Griffiths Avenue, Telford, TF4 3F 137 sqm £2,374 16

Griffiths Avenue, Telford, TF4 3F has seen 16 new build sales in the last 4 years (average price £289,286). These new build homes typically have an internal area of 137 sqm, with an average price of £2,374 sqm. This £sqm average is £-226 below the average for TF4 3. New builds typically command a £ per sqm premium. In the case of Griffiths Avenue the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Telford is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid sqm £/sqm
53, Suffolk Way, Telford, Dawley £280,000
Jun-2024
93 3,010
8, Ivatt Close, Telford, Dawley £310,000
Jun-2024
111 2,792
7, New Meadow Rd, Telford, Dawley £221,000
Jun-2024
70 3,157

See the entire list of all sales in Telford (TF4 3) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.