56, SPRINGFIELD ROAD, SOUTHWELL, NG25 0BT - £160,000

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

56 SPRINGFIELD ROAD is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £160,000 in September 2013, which was around 22% below the average September 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

56 SPRINGFIELD ROAD Sold Prices

Land registry data shows two sales for 56 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 56 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
2013 20 SEP	£160,000	£204,901	22% below HPI
2002 26 MAR	£95,000	£108,754	13% below HPI

56 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 two 56 SPRINGFIELD ROAD sales from March 2002 and September 2013 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 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2013 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 56 SPRINGFIELD ROAD?

56 SPRINGFIELD ROAD is 71m² according to the EPC inspection conducted in May 2023. 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 56 SPRINGFIELD ROAD lies on this distribution: 8% of detached houses are smaller than 56 SPRINGFIELD ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Southwell.

56 SPRINGFIELD ROAD: Plot and Title Map

56 SPRINGFIELD ROAD sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 56 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 56 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 56 SPRINGFIELD ROAD?

56 SPRINGFIELD ROAD is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 56 on SPRINGFIELD ROAD.