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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 SPRINGVALE DRIVE is a very large detached house of 178m², built sometime between 1991 and 1995, which could now be worth an estimated £742,897. It was last sold for £415,000 in February 2012, which was around 92% 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	£216,082	92% above HPI
2004 7 MAY	£345,000	£207,020	67% above HPI
2002 10 DEC	£150,000	£181,769	17% 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 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the February 2012 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might 4 SPRINGVALE DRIVE be worth now?

4 SPRINGVALE DRIVE might now be worth an estimated £742,897.

This is based on house price inflation of 79%, between February 2012 and December 2024, 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 79% inflationary increase is applied to the most recent sale price for 4 SPRINGVALE DRIVE of £415,000 on 23rd February 2012. For the value to have increased from £415,000 to £742,897 over the eleven years and two months to December 2024, the following assumptions must hold true:

• The value of 4 SPRINGVALE DRIVE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2012 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRINGVALE DRIVE has not materially changed since February 2012.

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 houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 4 SPRINGVALE DRIVE lies on this distribution: 95% of detached houses 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.