SPRINGWOOD, BECKLAND HILL, EAST MARKHAM, NEWARK, NG22 0QP - £355,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SPRINGWOOD is a small extended detached house of 135m², built sometime between 1983 and 1990, which could now be worth an estimated £442,735. It was last sold for £355,000 in December 2020, which was around 42% above the average December 2020 detached price in the Bassetlaw local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

SPRINGWOOD Sold Prices

Land registry data shows two sales for SPRINGWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two 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
2020 10 DEC	£355,000	£250,747	42% above HPI
2011 1 JUL	£212,500	£173,105	23% above HPI

SPRINGWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two SPRINGWOOD sales from July 2011 and December 2020 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 2011 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2020 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might SPRINGWOOD be worth now?

SPRINGWOOD might now be worth an estimated £442,735.

This is based on house price inflation of 24.7%, between December 2020 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for SPRINGWOOD of £355,000 on 10th December 2020. For the value to have increased from £355,000 to £442,735 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of SPRINGWOOD has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The December 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGWOOD has not materially changed since December 2020.

How Large is SPRINGWOOD?

SPRINGWOOD is 135m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of detached houses houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Markham, and where SPRINGWOOD lies on this distribution: 28% of detached houses houses are smaller than SPRINGWOOD, and 72% of houses are larger. Note that EPC data is not available for all properties in East Markham.

SPRINGWOOD: Plot and Title Map

SPRINGWOOD sits on a plot of roughly 0.192 of an acre, or 777m². 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 BECKLAND HILL in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of SPRINGWOOD on BECKLAND HILL.