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
5 SPRINGFIELD CLOSE is a very small extended detached house of 91m², built sometime between 1976 and 1982. It was last sold for £180,000 in May 2015, which was around 23% below the average May 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 5 SPRINGFIELD CLOSE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Two of the three 5 SPRINGFIELD CLOSE sales were for below the average price, whilst one was 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 |
---|---|---|---|
2015 29 MAY | £180,000 | £234,449 | 23% below HPI |
2002 2 AUG | £135,000 | £134,088 | 1% above HPI |
1998 26 JUN | £78,500 | £89,212 | 12% below HPI |
The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 5 SPRINGFIELD CLOSE sales between June 1998 and May 2015 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 August 2002 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.
5 SPRINGFIELD CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% of detached houses in Ovington, based on EPC data. The below chart shows the distribution of detached houses by size in Ovington, and where 5 SPRINGFIELD CLOSE lies on this distribution: 9% of detached houses are smaller than 5 SPRINGFIELD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ovington.
5 SPRINGFIELD CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 5 SPRINGFIELD CLOSE, 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 5 SPRINGFIELD CLOSE). 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.
5 SPRINGFIELD CLOSE is located in OVINGTON, in the NE42 postcode district. The below map shows the position of No. 5 on SPRINGFIELD CLOSE.