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

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

SPRINGWOOD is a small extended detached house of 135m², built sometime between 1983 and 1990. It was last sold for £355,000 in December 2020, which was around 43% 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	£248,012	43% above HPI
2011 1 JUL	£212,500	£171,217	24% 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 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the December 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

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 in East Markham, based on EPC data. The below chart shows the distribution of detached houses by size in East Markham, and where SPRINGWOOD lies on this distribution: 28% of detached 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.