SPRINGFIELDS, MEIFOD, SY22 6BU - £215,000

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

SPRINGFIELDS is a very small extended detached house of 61m², built sometime between 1950 and 1966. It was last sold for £215,000 in September 2021, which was around 26% below the average September 2021 detached price in the Powys local authority area. The most recent EPC inspection was June 2021, where the current energy rating was G, and the potential energy rating was D.

SPRINGFIELDS Sold Prices

Land registry data shows two sales for 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 Powys local authority area for the corresponding sale date. Both of the two SPRINGFIELDS 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 29 SEP	£215,000	£291,567	26% below HPI
2001 14 DEC	£77,000	£102,347	25% below HPI

SPRINGFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two SPRINGFIELDS sales from December 2001 and September 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 December 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is SPRINGFIELDS?

SPRINGFIELDS is 61m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Meifod, based on EPC data. The below chart shows the distribution of detached houses by size in Meifod, and where SPRINGFIELDS lies on this distribution: Less than 1% of detached houses are smaller than SPRINGFIELDS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Meifod.

SPRINGFIELDS: Plot and Title Map

SPRINGFIELDS sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 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 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 SPRINGFIELDS?

SPRINGFIELDS is located in MEIFOD, in the SY22 postcode district. The below map shows the position of SPRINGFIELDS in MEIFOD.