SPRINGFIELD, RECKFORD ROAD, WESTLETON, SAXMUNDHAM, IP17 3BE - £435,000

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

SPRINGFIELD is a very small detached house of 76m², built sometime between 1950 and 1966. It was last sold for £435,000 in July 2017, which was around 30% above the average July 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two SPRINGFIELD 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
2017 13 JUL	£435,000	£333,760	30% above HPI
2016 29 MAR	£220,000	£308,457	29% below HPI

SPRINGFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two SPRINGFIELD sales from March 2016 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 March 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2017 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 76m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Westleton, based on EPC data. The below chart shows the distribution of detached houses by size in Westleton, and where SPRINGFIELD lies on this distribution: 5% of detached houses are smaller than SPRINGFIELD, and 95% of houses are larger. Note that EPC data is not available for all properties in Westleton.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on RECKFORD ROAD in WESTLETON, in the IP17 postcode district. The below map shows the position of SPRINGFIELD on RECKFORD ROAD.