4, SPRINGFIELD ROAD, REDHILL, NOTTINGHAM, NG5 8JN - £320,000

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

4 SPRINGFIELD ROAD is a very small extended detached house of 51m², built sometime between 1930 and 1949. It was last sold for £320,000 in November 2022, which was around 11% below the average November 2022 detached price in the Gedling local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

4 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 4 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the three 4 SPRINGFIELD ROAD 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
2022 18 NOV	£320,000	£359,463	11% below HPI
2016 8 APR	£210,000	£226,823	7% below HPI
2015 26 JAN	£145,000	£207,332	30% below HPI

4 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The three 4 SPRINGFIELD ROAD sales between January 2015 and November 2022 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 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2022 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 4 SPRINGFIELD ROAD?

4 SPRINGFIELD ROAD is 51m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 4 SPRINGFIELD ROAD lies on this distribution: 1% of detached houses are smaller than 4 SPRINGFIELD ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Arnold.

4 SPRINGFIELD ROAD: Plot and Title Map

4 SPRINGFIELD ROAD sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 4 SPRINGFIELD ROAD, 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 4 SPRINGFIELD ROAD). 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 4 SPRINGFIELD ROAD?

4 SPRINGFIELD ROAD is located in REDHILL, in the NG5 postcode district. The below map shows the position of No. 4 on SPRINGFIELD ROAD.