1, SPRINGWOOD DRIVE, ASHFORD, TN23 3JL - £318,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 SPRINGWOOD DRIVE is a very small detached house of 69m², built sometime between 1976 and 1982, which could now be worth an estimated £358,691. It was last sold for £318,000 in January 2021, which was around 36% below the average January 2021 detached price in the Ashford local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

1 SPRINGWOOD DRIVE Sold Prices

Land registry data shows two sales for 1 SPRINGWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. Both of the two 1 SPRINGWOOD DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 29 JAN	£318,000	£494,482	36% below HPI
2017 21 AUG	£273,750	£448,485	39% below HPI

1 SPRINGWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The two 1 SPRINGWOOD DRIVE sales from August 2017 and January 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 1 SPRINGWOOD DRIVE be worth now?

1 SPRINGWOOD DRIVE might now be worth an estimated £358,691.

This is based on house price inflation of 12.8%, between January 2021 and March 2025, for detached houses, in the Ashford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.8% inflationary increase is applied to the most recent sale price for 1 SPRINGWOOD DRIVE of £318,000 on 29th January 2021. For the value to have increased from £318,000 to £358,691 over the three years and ten months to March 2025, the following assumptions must hold true:

• The value of 1 SPRINGWOOD DRIVE has moved in line with the HPI for detached houses in the Ashford local authority area.
• The January 2021 sale price of £318,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGWOOD DRIVE has not materially changed since January 2021.

How Large is 1 SPRINGWOOD DRIVE?

1 SPRINGWOOD DRIVE is 69m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses houses in Ashford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashford, and where 1 SPRINGWOOD DRIVE lies on this distribution: 4% of detached houses houses are smaller than 1 SPRINGWOOD DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Ashford.

1 SPRINGWOOD DRIVE: Plot and Title Map

1 SPRINGWOOD DRIVE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 1 SPRINGWOOD DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 SPRINGWOOD DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 SPRINGWOOD DRIVE?

1 SPRINGWOOD DRIVE is located in ASHFORD, in the TN23 postcode district. The below map shows the position of No. 1 on SPRINGWOOD DRIVE.