3, SPRINGHILL GARDENS, REDDITCH, B97 5SY - £436,000

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.

3 SPRINGHILL GARDENS is a very large detached house of 182m², built sometime between 1991 and 1995, which could now be worth an estimated £621,164. It was last sold for £436,000 in December 2015, which was around 63% above the average December 2015 detached price in the Redditch local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

3 SPRINGHILL GARDENS Sold Prices

Land registry data shows three sales for 3 SPRINGHILL GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 3 SPRINGHILL GARDENS sales were 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
2015 18 DEC	£436,000	£267,264	63% above HPI
2004 15 MAR	£390,000	£206,321	89% above HPI
2000 17 NOV	£295,000	£124,903	136% above HPI

3 SPRINGHILL GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The three 3 SPRINGHILL GARDENS sales between November 2000 and December 2015 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 March 2004 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the December 2015 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 3 SPRINGHILL GARDENS be worth now?

3 SPRINGHILL GARDENS might now be worth an estimated £621,164.

This is based on house price inflation of 42.5%, between December 2015 and February 2025, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.5% inflationary increase is applied to the most recent sale price for 3 SPRINGHILL GARDENS of £436,000 on 18th December 2015. For the value to have increased from £436,000 to £621,164 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 SPRINGHILL GARDENS has moved in line with the HPI for detached houses in the Redditch local authority area.
• The December 2015 sale price of £436,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRINGHILL GARDENS has not materially changed since December 2015.

How Large is 3 SPRINGHILL GARDENS?

3 SPRINGHILL GARDENS is 182m² according to the EPC inspection conducted in October 2008. This puts it in the largest 10% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 3 SPRINGHILL GARDENS lies on this distribution: 95% of detached houses houses are smaller than 3 SPRINGHILL GARDENS, and 5% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 SPRINGHILL GARDENS: Plot and Title Map

3 SPRINGHILL GARDENS sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 3 SPRINGHILL GARDENS, 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 SPRINGHILL GARDENS). 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 SPRINGHILL GARDENS?

3 SPRINGHILL GARDENS is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 3 on SPRINGHILL GARDENS.