3, SPRING CLOSE, BURFORD, TENBURY WELLS, WR15 8NF - £172,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 SPRING CLOSE is a small extended detached house of 84m², built sometime between 1983 and 1990. It was last sold for £172,500 in December 2017, which was around 42% below the average December 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

3 SPRING CLOSE Sold Prices

Land registry data shows three sales for 3 SPRING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 3 SPRING 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
2017 1 DEC	£172,500	£298,013	42% below HPI
2006 19 MAY	£195,500	£248,305	21% below HPI
2001 27 APR	£82,750	£128,434	36% below HPI

3 SPRING CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The three 3 SPRING CLOSE sales between April 2001 and December 2017 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 May 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2017 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 3 SPRING CLOSE?

3 SPRING CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% of detached houses in Tenbury Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Tenbury Wells, and where 3 SPRING CLOSE lies on this distribution: 26% of detached houses are smaller than 3 SPRING CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Tenbury Wells.

3 SPRING CLOSE: Plot and Title Map

3 SPRING CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 3 SPRING 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 3 SPRING 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 3 SPRING CLOSE?

3 SPRING CLOSE is located in BURFORD, in the WR15 postcode district. The below map shows the position of No. 3 on SPRING CLOSE.