SPRINGBANK, LEES ROAD, WILLESBOROUGH, ASHFORD, TN24 0NW - £222,000

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

SPRINGBANK is a very small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £222,000 in November 2015, which was around 42% below the average November 2015 detached price in the Ashford local authority area. The most recent EPC inspection was January 2009, where the current energy rating was C, and the potential energy rating was C.

SPRINGBANK Sold Prices

Land registry data shows two sales for SPRINGBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. Both of the two SPRINGBANK 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
2015 20 NOV	£222,000	£384,150	42% below HPI
2008 23 JUN	£230,000	£327,248	30% below HPI

SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The two SPRINGBANK sales from June 2008 and November 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 June 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2015 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 87m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the smallest 20% of detached houses in Ashford, based on EPC data. The below chart shows the distribution of detached houses by size in Ashford, and where SPRINGBANK lies on this distribution: 20% of detached houses are smaller than SPRINGBANK, and 80% of houses are larger. Note that EPC data is not available for all properties in Ashford.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located on LEES ROAD in WILLESBOROUGH, in the TN24 postcode district. The below map shows the position of SPRINGBANK on LEES ROAD.