SPRINGFIELDS, RACKENFORD ROAD, TIVERTON, EX16 5AG - £425,000

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

SPRINGFIELDS is a very large detached house of 207m², built sometime between 1983 and 1990. It was last sold for £425,000 in December 2019, which was around 24% above the average December 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

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 Mid Devon local authority area for the corresponding sale date. Both of the two SPRINGFIELDS 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
2019 9 DEC	£425,000	£343,954	24% above HPI
1997 3 JAN	£110,000	£81,231	35% above HPI

SPRINGFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The two SPRINGFIELDS sales from January 1997 and December 2019 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 January 1997 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the December 2019 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is SPRINGFIELDS?

SPRINGFIELDS is 207m² according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses in Tiverton, based on EPC data. The below chart shows the distribution of detached houses by size in Tiverton, and where SPRINGFIELDS lies on this distribution: 96% of detached houses are smaller than SPRINGFIELDS, and 4% of houses are larger. Note that EPC data is not available for all properties in Tiverton.

SPRINGFIELDS: Plot and Title Map

SPRINGFIELDS sits on a plot of roughly 0.126 of an acre, or 511m². 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 on RACKENFORD ROAD in TIVERTON, in the EX16 postcode district. The below map shows the position of SPRINGFIELDS on RACKENFORD ROAD.