164, SPRINGFIELD DRIVE, ILFORD, IG2 6QP - £440,000

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.

164 SPRINGFIELD DRIVE is a very small terraced house of 89m², built sometime between 1900 and 1929, which could now be worth an estimated £565,350. It was last sold for £440,000 in October 2019, which was around 3% above the average October 2019 terraced price in the Redbridge local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

164 SPRINGFIELD DRIVE Sold Prices

Land registry data shows three sales for 164 SPRINGFIELD 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 Redbridge local authority area for the corresponding sale date. One of the three 164 SPRINGFIELD DRIVE sales was for above the average price, whilst two 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
2019 14 OCT	£440,000	£428,406	3% above HPI
2005 30 JAN	£210,000	£225,621	7% below HPI
2004 1 JUN	£150,000	£221,461	32% below HPI

164 SPRINGFIELD DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redbridge local authority area over time, sourced from the HPI. The three 164 SPRINGFIELD DRIVE sales between June 2004 and October 2019 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 January 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2019 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 164 SPRINGFIELD DRIVE be worth now?

164 SPRINGFIELD DRIVE might now be worth an estimated £565,350.

This is based on house price inflation of 28.5%, between October 2019 and May 2026, for terraced houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for 164 SPRINGFIELD DRIVE of £440,000 on 14th October 2019. For the value to have increased from £440,000 to £565,350 over the seven years and five months to May 2026, the following assumptions must hold true:

• The value of 164 SPRINGFIELD DRIVE has moved in line with the HPI for terraced houses in the Redbridge local authority area.
• The October 2019 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 164 SPRINGFIELD DRIVE has not materially changed since October 2019.

How Large is 164 SPRINGFIELD DRIVE?

164 SPRINGFIELD DRIVE is 89m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 164 SPRINGFIELD DRIVE lies on this distribution: 12% of terraced houses houses are smaller than 164 SPRINGFIELD DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in London.

164 SPRINGFIELD DRIVE: Plot and Title Map

164 SPRINGFIELD DRIVE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 164 SPRINGFIELD 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 164 SPRINGFIELD 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 164 SPRINGFIELD DRIVE?

164 SPRINGFIELD DRIVE is located in ILFORD, in the IG2 postcode district. The below map shows the position of No. 164 on SPRINGFIELD DRIVE.