9, SPRINGFIELDS, PORINGLAND, NORWICH, NR14 7RG - £375,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 SPRINGFIELDS is a very small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £492,694. It was last sold for £375,000 in February 2018, which was around 12% above the average February 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

9 SPRINGFIELDS Sold Prices

Land registry data shows two sales for 9 SPRINGFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two 9 SPRINGFIELDS sales was for above the average price, whilst the other 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
2018 20 FEB	£375,000	£334,966	12% above HPI
2017 23 MAR	£172,000	£327,107	47% below HPI

9 SPRINGFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 9 SPRINGFIELDS sales from March 2017 and February 2018 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 2017 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the February 2018 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 9 SPRINGFIELDS be worth now?

9 SPRINGFIELDS might now be worth an estimated £492,694.

This is based on house price inflation of 31.4%, between February 2018 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.4% inflationary increase is applied to the most recent sale price for 9 SPRINGFIELDS of £375,000 on 20th February 2018. For the value to have increased from £375,000 to £492,694 over the seven years to February 2025, the following assumptions must hold true:

• The value of 9 SPRINGFIELDS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The February 2018 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SPRINGFIELDS has not materially changed since February 2018.

How Large is 9 SPRINGFIELDS?

9 SPRINGFIELDS is 90m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses houses in Poringland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Poringland, and where 9 SPRINGFIELDS lies on this distribution: 19% of detached houses houses are smaller than 9 SPRINGFIELDS, and 81% of houses are larger. Note that EPC data is not available for all properties in Poringland.

9 SPRINGFIELDS: Plot and Title Map

9 SPRINGFIELDS sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 9 SPRINGFIELDS, 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 9 SPRINGFIELDS). 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 9 SPRINGFIELDS?

9 SPRINGFIELDS is located in PORINGLAND, in the NR14 postcode district. The below map shows the position of No. 9 on SPRINGFIELDS.