15, SPRINGFIELD ROAD, WORCESTER, WR5 3AR - £243,000

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 SPRINGFIELD ROAD is a very small extended detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £291,710. It was last sold for £243,000 in May 2021, which was around 31% below the average May 2021 detached price in the Worcester local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

15 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 15 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three 15 SPRINGFIELD ROAD 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 19 MAY	£243,000	£351,336	31% below HPI
2009 10 JUL	£142,000	£228,758	38% below HPI
1999 18 JUN	£71,000	£103,530	31% below HPI

15 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The three 15 SPRINGFIELD ROAD sales between June 1999 and May 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 July 2009 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 15 SPRINGFIELD ROAD be worth now?

15 SPRINGFIELD ROAD might now be worth an estimated £291,710.

This is based on house price inflation of 20%, between May 2021 and February 2025, for detached houses, in the Worcester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20% inflationary increase is applied to the most recent sale price for 15 SPRINGFIELD ROAD of £243,000 on 19th May 2021. For the value to have increased from £243,000 to £291,710 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 15 SPRINGFIELD ROAD has moved in line with the HPI for detached houses in the Worcester local authority area.
• The May 2021 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRINGFIELD ROAD has not materially changed since May 2021.

How Large is 15 SPRINGFIELD ROAD?

15 SPRINGFIELD ROAD is 63m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of detached houses houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worcester, and where 15 SPRINGFIELD ROAD lies on this distribution: 3% of detached houses houses are smaller than 15 SPRINGFIELD ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Worcester.

15 SPRINGFIELD ROAD: Plot and Title Map

15 SPRINGFIELD ROAD sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 15 SPRINGFIELD ROAD, 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 SPRINGFIELD ROAD). 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 SPRINGFIELD ROAD?

15 SPRINGFIELD ROAD is located in WORCESTER, in the WR5 postcode district. The below map shows the position of No. 15 on SPRINGFIELD ROAD.