Telford sees big increase in detached house sales

The number of detached houses being sold in Telford has risen sharply – but prices in most parts of the town are continuing to fall.

The latest Land Registry figures were today welcomed by town estate agents, DB Roberts, which said it proved buyers were still prepared to pay for sensibly-priced homes.

Sales director Jo Culley, said: “Our analysis of the latest figures from HM Land Registry shows an increase of over 50 per cent in sales of detached properties completed in the second quarter of 2012, in postcode areas TF1 to TF7.

“The number of detached properties sold between April 1 and June 30 was over 100 this year, compared with just 68 in the same period in 2011, and this reflects our own experience of much improved sales.”

She said the biggest jumps were seen in the TF2 zone, which covers the Oakengates area, where sales were up by two thirds, and in TF4 around Lawley, Dawley, Stirchley and Lightmoor, where they tripled.

TF1, which covers Well-ington, Ketley, Hadley and Leegomery, also performed well, with 35 per cent more detached homes selling this year, she said.

DB Roberts chairman Bill Brookes added: “It is encouraging to see the market for detached homes returning, although it is noticeable that the average price of the detached homes sold is lower than in 2011.

“The properties selling are those where the sellers are given accurate pricing advice and are realistic in their expectations.”

“It is noticeable that the property market in Newport and district (TF11), where asking prices tend to be higher, remained flat with only 17 sales completed over the three month period and, of those, only five were detached.

“The message is clear – there are buyers , but sellers have to be realistic about the value of their property.”