Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
14 SPRINGFIELD DRIVE is a very small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £538,000 in November 2023, which was around 22% above the average November 2023 detached price in the Somerset local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows two sales for 14 SPRINGFIELD DRIVE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the two 14 SPRINGFIELD DRIVE sales was for above the average price, whilst the other was 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 |
---|---|---|---|
2023 29 NOV | £538,000 | £441,682 | 22% above HPI |
2002 7 JUN | £174,950 | £176,985 | 1% below HPI |
The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two 14 SPRINGFIELD DRIVE sales from June 2002 and November 2023 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 June 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2023 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.
14 SPRINGFIELD DRIVE is 99m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where 14 SPRINGFIELD DRIVE lies on this distribution: 15% of detached houses are smaller than 14 SPRINGFIELD DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wedmore.
14 SPRINGFIELD DRIVE sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of 14 SPRINGFIELD 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 14 SPRINGFIELD 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.
14 SPRINGFIELD DRIVE is located in WEDMORE, in the BS28 postcode district. The below map shows the position of No. 14 on SPRINGFIELD DRIVE.