28, SPRINGWELL CLOSE, BILLINGHAM, TS23 3FB - £195,000

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.

28 SPRINGWELL CLOSE is a small detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £240,445. It was last sold for £195,000 in March 2020, which was around 11% below the average March 2020 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

28 SPRINGWELL CLOSE Sold Prices

Land registry data shows four sales for 28 SPRINGWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the four 28 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
2020 9 MAR	£195,000	£218,832	11% below HPI
2012 15 JUN	£155,000	£197,579	22% below HPI
2006 26 OCT	£156,000	£210,444	26% below HPI
2000 4 SEP	£65,650	£89,412	27% below HPI

28 SPRINGWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The four 28 SPRINGWELL CLOSE sales between September 2000 and March 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 June 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 28 SPRINGWELL CLOSE be worth now?

28 SPRINGWELL CLOSE might now be worth an estimated £240,445.

This is based on house price inflation of 23.3%, between March 2020 and February 2025, 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 23.3% inflationary increase is applied to the most recent sale price for 28 SPRINGWELL CLOSE of £195,000 on 9th March 2020. For the value to have increased from £195,000 to £240,445 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 28 SPRINGWELL CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The March 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 28 SPRINGWELL CLOSE has not materially changed since March 2020.

How Large is 28 SPRINGWELL CLOSE?

28 SPRINGWELL CLOSE is 91m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 40% of detached houses houses in Billingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billingham, and where 28 SPRINGWELL CLOSE lies on this distribution: 35% of detached houses houses are smaller than 28 SPRINGWELL CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Billingham.

28 SPRINGWELL CLOSE: Plot and Title Map

28 SPRINGWELL CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 28 SPRINGWELL CLOSE, 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 28 SPRINGWELL CLOSE). 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 28 SPRINGWELL CLOSE?

28 SPRINGWELL CLOSE is located in BILLINGHAM, in the TS23 postcode district. The below map shows the position of No. 28 on SPRINGWELL CLOSE.