4, SPRINGVALE DRIVE, WEBHEATH, REDDITCH, B97 5PL - £415,000

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

4 SPRINGVALE DRIVE is a very large detached house of 178m², built sometime between 1991 and 1995. It was last sold for £415,000 in February 2012, which was around 85% above the average February 2012 detached price in the Redditch local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

4 SPRINGVALE DRIVE Sold Prices

Land registry data shows three sales for 4 SPRINGVALE DRIVE 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. Two of the three 4 SPRINGVALE DRIVE sales were for above the average price, whilst one was 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
2012 23 FEB	£415,000	£224,323	85% above HPI
2004 7 MAY	£345,000	£214,916	61% above HPI
2002 10 DEC	£150,000	£188,701	21% below HPI

4 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 three 4 SPRINGVALE DRIVE sales between December 2002 and February 2012 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 2004 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the February 2012 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

How Large is 4 SPRINGVALE DRIVE?

4 SPRINGVALE DRIVE is 178m² according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 4 SPRINGVALE DRIVE lies on this distribution: 95% of detached houses are smaller than 4 SPRINGVALE DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Redditch.

4 SPRINGVALE DRIVE: Plot and Title Map

4 SPRINGVALE DRIVE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 4 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 4 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 4 SPRINGVALE DRIVE?

4 SPRINGVALE DRIVE is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 4 on SPRINGVALE DRIVE.