15, SPRING DRIVE, STEVENAGE, SG2 8AZ - £415,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 SPRING DRIVE is a very small semi-detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £414,636. It was last sold for £415,000 in September 2024, which was around 5% above the average September 2024 semi-detached price in the Stevenage local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

15 SPRING DRIVE Sold Prices

Land registry data shows four sales for 15 SPRING DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Stevenage local authority area for the corresponding sale date. Most of the four 15 SPRING DRIVE sales were for above 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
2024 30 SEP	£415,000	£395,354	5% above HPI
2017 10 MAR	£276,000	£313,523	12% below HPI
2002 24 MAY	£134,000	£127,243	5% above HPI
1997 17 JAN	£65,000	£61,073	6% above HPI

15 SPRING DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Stevenage local authority area over time, sourced from the HPI. The four 15 SPRING DRIVE sales between January 1997 and September 2024 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 March 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2024 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 15 SPRING DRIVE be worth now?

15 SPRING DRIVE might now be worth an estimated £414,636.

This is based on house price deflation of 0.1%, between September 2024 and February 2025, for semi-detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% deflationary decrease is applied to the most recent sale price for 15 SPRING DRIVE of £415,000 on 30th September 2024. For the value to have decreased from £415,000 to £414,636 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 15 SPRING DRIVE has moved in line with the HPI for semi-detached houses in the Stevenage local authority area.
• The September 2024 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRING DRIVE has not materially changed since September 2024.

How Large is 15 SPRING DRIVE?

15 SPRING DRIVE is 84m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of semi-detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Stevenage, and where 15 SPRING DRIVE lies on this distribution: 10% of semi-detached houses houses are smaller than 15 SPRING DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

15 SPRING DRIVE: Plot and Title Map

15 SPRING DRIVE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 15 SPRING 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 15 SPRING 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 15 SPRING DRIVE?

15 SPRING DRIVE is located in STEVENAGE, in the SG2 postcode district. The below map shows the position of No. 15 on SPRING DRIVE.