2, SPRINGFIELD ROAD, BIGRIGG, EGREMONT, CA22 2TN - £55,000

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.

2 SPRINGFIELD ROAD is a very small extended terraced house of 70m², built sometime before 1900, which could now be worth an estimated £63,994. It was last sold for £55,000 in May 2023, which was around 55% below the average May 2023 terraced price in the Cumberland local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

2 SPRINGFIELD ROAD Sold Prices

Land registry data shows five sales for 2 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Cumberland local authority area for the corresponding sale date. All of the five 2 SPRINGFIELD ROAD 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
2023 24 MAY	£55,000	£121,834	55% below HPI
2011 18 FEB	£85,000	£98,955	14% below HPI
2006 16 MAR	£79,950	£91,475	13% below HPI
2003 10 JUN	£35,000	£53,680	35% below HPI
1995 15 DEC	£17,300	£31,350	45% below HPI

2 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cumberland local authority area over time, sourced from the HPI. The five 2 SPRINGFIELD ROAD sales between December 1995 and May 2023 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 February 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2023 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might 2 SPRINGFIELD ROAD be worth now?

2 SPRINGFIELD ROAD might now be worth an estimated £63,994.

This is based on house price inflation of 16.4%, between May 2023 and April 2026, for terraced houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.4% inflationary increase is applied to the most recent sale price for 2 SPRINGFIELD ROAD of £55,000 on 24th May 2023. For the value to have increased from £55,000 to £63,994 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 2 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the Cumberland local authority area.
• The May 2023 sale price of £55,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGFIELD ROAD has not materially changed since May 2023.

How Large is 2 SPRINGFIELD ROAD?

2 SPRINGFIELD ROAD is 70m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% of terraced houses houses in Bigrigg, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bigrigg, and where 2 SPRINGFIELD ROAD lies on this distribution: 16% of terraced houses houses are smaller than 2 SPRINGFIELD ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Bigrigg.

2 SPRINGFIELD ROAD: Plot and Title Map

2 SPRINGFIELD ROAD sits on a plot of roughly 0.018 of an acre, or 72m². The below map shows the location of 2 SPRINGFIELD ROAD, 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 2 SPRINGFIELD ROAD). 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 2 SPRINGFIELD ROAD?

2 SPRINGFIELD ROAD is located in BIGRIGG, in the CA22 postcode district. The below map shows the position of No. 2 on SPRINGFIELD ROAD.