1, SPRINGFIELD GROVE, WHITLEY BAY, NE25 8SX - £280,000

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.

1 SPRINGFIELD GROVE is a small detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £333,355. It was last sold for £280,000 in June 2021, which was around 9% below the average June 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

1 SPRINGFIELD GROVE Sold Prices

Land registry data shows three sales for 1 SPRINGFIELD GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the three 1 SPRINGFIELD GROVE sales were for below 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 7 JUN	£280,000	£306,572	9% below HPI
2012 24 SEP	£203,500	£228,414	11% below HPI
2007 7 DEC	£205,000	£248,371	17% below HPI

1 SPRINGFIELD GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The three 1 SPRINGFIELD GROVE sales between December 2007 and June 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 September 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 1 SPRINGFIELD GROVE be worth now?

1 SPRINGFIELD GROVE might now be worth an estimated £333,355.

This is based on house price inflation of 19.1%, between June 2021 and June 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 1 SPRINGFIELD GROVE of £280,000 on 7th June 2021. For the value to have increased from £280,000 to £333,355 over the four years to June 2025, the following assumptions must hold true:

• The value of 1 SPRINGFIELD GROVE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The June 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRINGFIELD GROVE has not materially changed since June 2021.

How Large is 1 SPRINGFIELD GROVE?

1 SPRINGFIELD GROVE is 112m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 1 SPRINGFIELD GROVE lies on this distribution: 28% of detached houses houses are smaller than 1 SPRINGFIELD GROVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

1 SPRINGFIELD GROVE: Plot and Title Map

1 SPRINGFIELD GROVE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 1 SPRINGFIELD GROVE, 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 1 SPRINGFIELD GROVE). 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 1 SPRINGFIELD GROVE?

1 SPRINGFIELD GROVE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 1 on SPRINGFIELD GROVE.