SPRINGWOOD, 5, HADRIAN WAY, CHILWORTH, SOUTHAMPTON, SO16 7JA - £875,000

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

SPRINGWOOD is a very small extended detached house of 175m², built sometime between 1967 and 1975. It was last sold for £875,000 in January 2021, which was around 64% above the average January 2021 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was D.

SPRINGWOOD Sold Prices

Land registry data shows three sales for SPRINGWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the three SPRINGWOOD 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 21 JAN	£875,000	£533,283	64% above HPI
2016 12 AUG	£520,000	£467,674	11% above HPI
2014 21 NOV	£495,000	£414,883	19% above HPI

SPRINGWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The three SPRINGWOOD sales between November 2014 and January 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 August 2016 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the January 2021 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is SPRINGWOOD?

SPRINGWOOD is 175m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses in Chilworth, based on EPC data. The below chart shows the distribution of detached houses by size in Chilworth, and where SPRINGWOOD lies on this distribution: 13% of detached houses are smaller than SPRINGWOOD, and 87% of houses are larger. Note that EPC data is not available for all properties in Chilworth.

SPRINGWOOD: Plot and Title Map

SPRINGWOOD sits on a plot of roughly 0.366 of an acre, or 1,482m². The below map shows the location of SPRINGWOOD, 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 SPRINGWOOD). 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 SPRINGWOOD?

SPRINGWOOD is located on HADRIAN WAY in CHILWORTH, in the SO16 postcode district. The below map shows the position of SPRINGWOOD on HADRIAN WAY.