2, SPRINGWELL CLOSE, BILLINGHAM, TS23 3FB - £240,000

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

2 SPRINGWELL CLOSE is a large extended detached house of 110m², built sometime between 1983 and 1990, which could now be worth an estimated £248,008. It was last sold for £240,000 in July 2023, which was around 8% below the average July 2023 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 SPRINGWELL CLOSE Sold Prices

Land registry data shows four sales for 2 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 2 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
2023 21 JUL	£240,000	£261,118	8% below HPI
2023 26 APR	£145,000	£262,278	45% below HPI
2020 11 SEP	£179,000	£218,449	18% below HPI
1999 4 JUN	£58,500	£83,336	30% below HPI

2 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 2 SPRINGWELL CLOSE sales between June 1999 and July 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 April 2023 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 SPRINGWELL CLOSE be worth now?

2 SPRINGWELL CLOSE might now be worth an estimated £248,008.

This is based on house price inflation of 3.3%, between July 2023 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 3.3% inflationary increase is applied to the most recent sale price for 2 SPRINGWELL CLOSE of £240,000 on 21st July 2023. For the value to have increased from £240,000 to £248,008 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 2 SPRINGWELL CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The July 2023 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGWELL CLOSE has not materially changed since July 2023.

How Large is 2 SPRINGWELL CLOSE?

2 SPRINGWELL CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 40% 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 2 SPRINGWELL CLOSE lies on this distribution: 63% of detached houses houses are smaller than 2 SPRINGWELL CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Billingham.

2 SPRINGWELL CLOSE: Plot and Title Map

2 SPRINGWELL CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 2 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 2 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 2 SPRINGWELL CLOSE?

2 SPRINGWELL CLOSE is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 2 on SPRINGWELL CLOSE.