15, SPRINGWELL CLOSE, BILLINGHAM, TS23 3FB - £150,000

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 SPRINGWELL CLOSE is a very small detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £186,147. It was last sold for £150,000 in April 2018, which was around 31% below the average April 2018 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

15 SPRINGWELL CLOSE Sold Prices

Land registry data shows four sales for 15 SPRINGWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the four 15 SPRINGWELL CLOSE 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
2018 17 APR	£150,000	£217,434	31% below HPI
2015 7 AUG	£146,500	£209,555	30% below HPI
2009 29 APR	£152,000	£195,784	22% below HPI
2002 31 OCT	£79,950	£110,627	28% below HPI

15 SPRINGWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The four 15 SPRINGWELL CLOSE sales between October 2002 and April 2018 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 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 15 SPRINGWELL CLOSE be worth now?

15 SPRINGWELL CLOSE might now be worth an estimated £186,147.

This is based on house price inflation of 24.1%, between April 2018 and February 2025, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for 15 SPRINGWELL CLOSE of £150,000 on 17th April 2018. For the value to have increased from £150,000 to £186,147 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 15 SPRINGWELL CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The April 2018 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPRINGWELL CLOSE has not materially changed since April 2018.

How Large is 15 SPRINGWELL CLOSE?

15 SPRINGWELL CLOSE is 79m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 20% of detached houses houses in Billingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billingham, and where 15 SPRINGWELL CLOSE lies on this distribution: 20% of detached houses houses are smaller than 15 SPRINGWELL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Billingham.

15 SPRINGWELL CLOSE: Plot and Title Map

15 SPRINGWELL CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 15 SPRINGWELL CLOSE, 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 SPRINGWELL CLOSE). 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 SPRINGWELL CLOSE?

15 SPRINGWELL CLOSE is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 15 on SPRINGWELL CLOSE.