SPRINGBANK, TOWNFIELD LANE, MOLLINGTON, CHESTER, CH1 6LB - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SPRINGBANK is a very large extended detached house of 227m², built sometime between 1900 and 1929. It was last sold for £500,000 in January 2021, which was around 42% above the average January 2021 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

SPRINGBANK Sold Prices

Land registry data shows three sales for SPRINGBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. All of the three SPRINGBANK sales were for above 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 5 JAN	£500,000	£351,622	42% above HPI
1998 7 JUL	£250,000	£103,790	141% above HPI
1996 12 JUL	£213,700	£91,235	134% above HPI

SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The three SPRINGBANK sales between July 1996 and January 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 July 1998 sale was for 141% above the HPI. So the extrapolation line tracks at 141% above the HPI over time, until the January 2021 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 227m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 20% of detached houses in Mollington, based on EPC data. The below chart shows the distribution of detached houses by size in Mollington, and where SPRINGBANK lies on this distribution: 83% of detached houses are smaller than SPRINGBANK, and 17% of houses are larger. Note that EPC data is not available for all properties in Mollington.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.745 of an acre, or 3,013m². 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 TOWNFIELD LANE in MOLLINGTON, in the CH1 postcode district. The below map shows the position of SPRINGBANK on TOWNFIELD LANE.