15, SPRING PARK, PLYMOUTH, PL6 7SL - £242,000

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.

15 SPRING PARK is a small extended detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £324,145. It was last sold for £242,000 in November 2016, which was around 44% below the average November 2016 detached price in the South Hams local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

15 SPRING PARK Sold Prices

Land registry data shows two sales for 15 SPRING PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two 15 SPRING PARK 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
2016 18 NOV	£242,000	£430,178	44% below HPI
1999 27 SEP	£89,950	£139,706	36% below HPI

15 SPRING PARK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two 15 SPRING PARK sales from September 1999 and November 2016 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 September 1999 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2016 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 15 SPRING PARK be worth now?

15 SPRING PARK might now be worth an estimated £324,145.

This is based on house price inflation of 33.9%, between November 2016 and March 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.9% inflationary increase is applied to the most recent sale price for 15 SPRING PARK of £242,000 on 18th November 2016. For the value to have increased from £242,000 to £324,145 over the nine years and eight months to March 2025, the following assumptions must hold true:

• The value of 15 SPRING PARK has moved in line with the HPI for detached houses in the South Hams local authority area.
• The November 2016 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRING PARK has not materially changed since November 2016.

How Large is 15 SPRING PARK?

15 SPRING PARK is 87m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses houses in Plymouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Plymouth, and where 15 SPRING PARK lies on this distribution: 21% of detached houses houses are smaller than 15 SPRING PARK, and 78% of houses are larger. Note that EPC data is not available for all properties in Plymouth.

15 SPRING PARK: Plot and Title Map

15 SPRING PARK sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 15 SPRING PARK, 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 PARK). 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 PARK?

15 SPRING PARK is located in PLYMOUTH, in the PL6 postcode district. The below map shows the position of No. 15 on SPRING PARK.