3, SPRINGVALE DRIVE, WEBHEATH, REDDITCH, B97 5PL - £690,000

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 SPRINGVALE DRIVE is a very large detached house of 181m², built sometime between 2003 and 2006, which could now be worth an estimated £652,413. It was last sold for £690,000 in April 2023, which was around 71% above the average April 2023 detached price in the Redditch local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

3 SPRINGVALE DRIVE Sold Prices

Land registry data shows four sales for 3 SPRINGVALE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Most of the four 3 SPRINGVALE DRIVE 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
2023 14 APR	£690,000	£402,705	71% above HPI
2018 26 JUN	£535,000	£307,609	74% above HPI
2014 24 APR	£411,000	£243,055	69% above HPI
2003 20 MAR	£125,000	£179,312	30% below HPI

3 SPRINGVALE DRIVE 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 four 3 SPRINGVALE DRIVE sales between March 2003 and April 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 June 2018 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the April 2023 sale, where it falls to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might 3 SPRINGVALE DRIVE be worth now?

3 SPRINGVALE DRIVE might now be worth an estimated £652,413.

This is based on house price deflation of 5.4%, between April 2023 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 5.4% deflationary decrease is applied to the most recent sale price for 3 SPRINGVALE DRIVE of £690,000 on 14th April 2023. For the value to have decreased from £690,000 to £652,413 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 3 SPRINGVALE DRIVE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The April 2023 sale price of £690,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRINGVALE DRIVE has not materially changed since April 2023.

How Large is 3 SPRINGVALE DRIVE?

3 SPRINGVALE DRIVE is 181m² according to the EPC inspection conducted in September 2013. 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 SPRINGVALE DRIVE lies on this distribution: 95% of detached houses houses are smaller than 3 SPRINGVALE DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 SPRINGVALE DRIVE: Plot and Title Map

3 SPRINGVALE DRIVE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 3 SPRINGVALE DRIVE, 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 SPRINGVALE DRIVE). 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 SPRINGVALE DRIVE?

3 SPRINGVALE DRIVE is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 3 on SPRINGVALE DRIVE.