48, SPRINGFIELD ROAD, SOUTHWELL, NG25 0BT - £300,000

48 SPRINGFIELD ROAD is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £300,000 in August 2023, which was around 11% below the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

48 SPRINGFIELD ROAD Sold Prices

Land registry data shows four sales for 48 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 48 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
2023 1 AUG	£300,000	£338,912	11% below HPI
2022 14 MAR	£270,000	£314,916	14% below HPI
2000 11 FEB	£80,000	£88,774	10% below HPI
1997 22 JUL	£57,000	£79,172	28% below HPI

48 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 48 SPRINGFIELD ROAD sales between July 1997 and August 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 March 2022 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 48 SPRINGFIELD ROAD?

48 SPRINGFIELD ROAD is 66m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 48 SPRINGFIELD ROAD lies on this distribution: 5% of detached houses are smaller than 48 SPRINGFIELD ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Southwell.

48 SPRINGFIELD ROAD: Plot and Title Map

48 SPRINGFIELD ROAD sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 48 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 48 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 48 SPRINGFIELD ROAD?

48 SPRINGFIELD ROAD is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 48 on SPRINGFIELD ROAD.