SPRING VIEW, EDWARD STREET, OVERSEAL, SWADLINCOTE, DE12 6LJ - £225,000

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

SPRING VIEW is a midsized detached house of 114m², built sometime between 1983 and 1990. It was last sold for £225,000 in February 2021, which was around 22% below the average February 2021 detached price in the South Derbyshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

SPRING VIEW Sold Prices

Land registry data shows four sales for SPRING VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the four SPRING VIEW 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
2021 18 FEB	£225,000	£287,396	22% below HPI
2020 18 MAY	£160,000	£273,985	42% below HPI
2002 6 SEP	£93,500	£136,524	32% below HPI
1995 14 SEP	£56,000	£66,626	16% below HPI

SPRING VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The four SPRING VIEW sales between September 1995 and February 2021 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 May 2020 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2021 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is SPRING VIEW?

SPRING VIEW is 114m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 50% of detached houses in Overseal, based on EPC data. The below chart shows the distribution of detached houses by size in Overseal, and where SPRING VIEW lies on this distribution: 47% of detached houses are smaller than SPRING VIEW, and 53% of houses are larger. Note that EPC data is not available for all properties in Overseal.

SPRING VIEW: Plot and Title Map

SPRING VIEW sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of SPRING VIEW, 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 SPRING VIEW). 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 SPRING VIEW?

SPRING VIEW is located on EDWARD STREET in OVERSEAL, in the DE12 postcode district. The below map shows the position of SPRING VIEW on EDWARD STREET.