SPRINGWELL, RACECOURSE LANE, STOURBRIDGE, DY8 2RF - £1,750,000

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

SPRINGWELL is a very large extended detached house of 551m², built sometime between 1900 and 1929. It was last sold for £1,750,000 in October 2021, which was around 456% above the average October 2021 detached price in the Dudley local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

SPRINGWELL Sold Prices

Land registry data shows four sales for SPRINGWELL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. All of the four SPRINGWELL 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 8 OCT	£1,750,000	£314,879	456% above HPI
2004 14 JUL	£925,000	£181,415	410% above HPI
2002 8 NOV	£705,000	£147,449	378% above HPI
1998 6 MAY	£365,000	£83,419	338% above HPI

SPRINGWELL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The four SPRINGWELL sales between May 1998 and October 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 2004 sale was for 410% above the HPI. So the extrapolation line tracks at 410% above the HPI over time, until the October 2021 sale, where it rises to 456% above the HPI. The line then continues to track at 456% above the HPI.

How Large is SPRINGWELL?

SPRINGWELL is 551m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 10% of detached houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stourbridge, and where SPRINGWELL lies on this distribution: More than 99% of detached houses are smaller than SPRINGWELL, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

SPRINGWELL: Plot and Title Map

SPRINGWELL sits on a plot of roughly 0.815 of an acre, or 3,298m². The below map shows the location of SPRINGWELL, 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 SPRINGWELL). 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 SPRINGWELL?

SPRINGWELL is located on RACECOURSE LANE in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of SPRINGWELL on RACECOURSE LANE.