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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRINGWELL is a very large extended detached house of 551m², built sometime between 1900 and 1929, which could now be worth an estimated £1,974,656. It was last sold for £1,750,000 in October 2021, which was around 470% 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	£307,280	470% above HPI
2004 14 JUL	£925,000	£177,037	422% above HPI
2002 8 NOV	£705,000	£143,890	390% above HPI
1998 6 MAY	£365,000	£81,406	348% 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 422% above the HPI. So the extrapolation line tracks at 422% above the HPI over time, until the October 2021 sale, where it rises to 470% above the HPI. The line then continues to track at 470% above the HPI.

What might SPRINGWELL be worth now?

SPRINGWELL might now be worth an estimated £1,974,656.

This is based on house price inflation of 12.8%, between October 2021 and December 2024, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.8% inflationary increase is applied to the most recent sale price for SPRINGWELL of £1,750,000 on 8th October 2021. For the value to have increased from £1,750,000 to £1,974,656 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of SPRINGWELL has moved in line with the HPI for detached houses in the Dudley local authority area.
• The October 2021 sale price of £1,750,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGWELL has not materially changed since October 2021.

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 houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stourbridge, and where SPRINGWELL lies on this distribution: More than 99% of detached houses 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.