3, SPRING BANK, SARN, NEWTOWN, SY16 4HS - £235,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 SPRING BANK is a large extended detached house of 168m², built sometime between 2003 and 2006. It was last sold for £235,000 in March 2018, which was around 3% below the average March 2018 detached price in the Powys local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

3 SPRING BANK Sold Prices

Land registry data shows two sales for 3 SPRING BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. One of the two 3 SPRING BANK sales was for below the average price, whilst the other was 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
2018 2 MAR	£235,000	£242,120	3% below HPI
2007 17 SEP	£249,995	£232,602	7% above HPI

3 SPRING BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two 3 SPRING BANK sales from September 2007 and March 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 September 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2018 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 SPRING BANK?

3 SPRING BANK is 168m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 30% of detached houses in Sarn, based on EPC data. The below chart shows the distribution of detached houses by size in Sarn, and where 3 SPRING BANK lies on this distribution: 71% of detached houses are smaller than 3 SPRING BANK, and 29% of houses are larger. Note that EPC data is not available for all properties in Sarn.

3 SPRING BANK: Plot and Title Map

3 SPRING BANK sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of 3 SPRING BANK, 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 3 SPRING BANK). 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 3 SPRING BANK?

3 SPRING BANK is located in SARN, in the SY16 postcode district. The below map shows the position of No. 3 on SPRING BANK.