140, SPRING DRIVE, STEVENAGE, SG2 8BD - £270,000

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.

140 SPRING DRIVE is a very small terraced house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £321,395. It was last sold for £270,000 in November 2020, which was around 2% above the average November 2020 terraced price in the Stevenage local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

140 SPRING DRIVE Sold Prices

Land registry data shows three sales for 140 SPRING DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Stevenage local authority area for the corresponding sale date. Two of the three 140 SPRING DRIVE sales were for above the average price, whilst one was 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
2020 27 NOV	£270,000	£264,613	2% above HPI
2016 6 JUL	£236,000	£243,663	3% below HPI
2004 19 MAR	£137,500	£127,243	8% above HPI

140 SPRING DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Stevenage local authority area over time, sourced from the HPI. The three 140 SPRING DRIVE sales between March 2004 and November 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 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 140 SPRING DRIVE be worth now?

140 SPRING DRIVE might now be worth an estimated £321,395.

This is based on house price inflation of 19%, between November 2020 and May 2026, for terraced houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19% inflationary increase is applied to the most recent sale price for 140 SPRING DRIVE of £270,000 on 27th November 2020. For the value to have increased from £270,000 to £321,395 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 140 SPRING DRIVE has moved in line with the HPI for terraced houses in the Stevenage local authority area.
• The November 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 140 SPRING DRIVE has not materially changed since November 2020.

How Large is 140 SPRING DRIVE?

140 SPRING DRIVE is 77m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of terraced houses houses in Stevenage, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Stevenage, and where 140 SPRING DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 140 SPRING DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

140 SPRING DRIVE: Plot and Title Map

140 SPRING DRIVE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 140 SPRING DRIVE, 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 140 SPRING DRIVE). 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 140 SPRING DRIVE?

140 SPRING DRIVE is located in STEVENAGE, in the SG2 postcode district. The below map shows the position of No. 140 on SPRING DRIVE.