16, SPRINGWELL CLOSE, BILLINGHAM, TS23 3FB - £117,500

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.

16 SPRINGWELL CLOSE is a detached house, which could now be worth an estimated £254,365. It was last sold for £117,500 in May 2003, which was around 8% below the average May 2003 detached price in the Stockton-on-Tees local authority area.

16 SPRINGWELL CLOSE Sold Prices

Land registry data shows three sales for 16 SPRINGWELL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 16 SPRINGWELL CLOSE 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
2003 18 MAY	£117,500	£128,107	8% below HPI
1999 23 JUL	£62,500	£83,606	25% below HPI
1995 16 JUN	£70,500	£75,175	6% below HPI

What might 16 SPRINGWELL CLOSE be worth now?

16 SPRINGWELL CLOSE might now be worth an estimated £254,365.

This is based on house price inflation of 116.5%, between May 2003 and April 2026, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 116.5% inflationary increase is applied to the most recent sale price for 16 SPRINGWELL CLOSE of £117,500 on 18th May 2003. For the value to have increased from £117,500 to £254,365 over the 23 years and one month to April 2026, the following assumptions must hold true:

• The value of 16 SPRINGWELL CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The May 2003 sale price of £117,500 represented a fair market value for the property.
• The size, condition, and specification of 16 SPRINGWELL CLOSE has not materially changed since May 2003.

Where is 16 SPRINGWELL CLOSE?

16 SPRINGWELL CLOSE is located in BILLINGHAM, in the TS23 postcode district.