58, SPRINGFIELD ROAD, SOUTHWELL, NG25 0BT - £245,000

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

58 SPRINGFIELD ROAD is a very small extended detached house of 81m², built sometime between 1967 and 1975. It was last sold for £245,000 in July 2017, which was around 2% below the average July 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

58 SPRINGFIELD ROAD Sold Prices

Land registry data shows five sales for 58 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the five 58 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
2017 28 JUL	£245,000	£249,927	2% below HPI
2015 17 JUL	£203,000	£227,298	11% below HPI
2010 2 AUG	£200,000	£212,696	6% below HPI
2004 30 APR	£189,950	£181,908	4% above HPI
2001 16 NOV	£75,000	£110,845	32% below HPI

58 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 five 58 SPRINGFIELD ROAD sales between November 2001 and July 2017 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 July 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2017 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 58 SPRINGFIELD ROAD?

58 SPRINGFIELD ROAD is 81m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 20% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 58 SPRINGFIELD ROAD lies on this distribution: 13% of detached houses are smaller than 58 SPRINGFIELD ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Southwell.

58 SPRINGFIELD ROAD: Plot and Title Map

58 SPRINGFIELD ROAD sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 58 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 58 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 58 SPRINGFIELD ROAD?

58 SPRINGFIELD ROAD is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 58 on SPRINGFIELD ROAD.