3, SPRING WAY, SIBLE HEDINGHAM, HALSTEAD, CO9 3SB - £415,000

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.

3 SPRING WAY is a large extended detached house of 131m², built sometime between 1983 and 1990, which could now be worth an estimated £463,164. It was last sold for £415,000 in December 2020, which was around 19% below the average December 2020 detached price in the Braintree local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

3 SPRING WAY Sold Prices

Land registry data shows four sales for 3 SPRING WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 3 SPRING WAY 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 10 DEC	£415,000	£511,646	19% below HPI
2014 3 SEP	£300,000	£379,255	21% below HPI
2000 28 JAN	£139,500	£141,285	1% below HPI
1997 27 JUN	£102,000	£103,528	1% below HPI

3 SPRING WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The four 3 SPRING WAY sales between June 1997 and December 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 September 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 SPRING WAY be worth now?

3 SPRING WAY might now be worth an estimated £463,164.

This is based on house price inflation of 11.6%, between December 2020 and July 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.6% inflationary increase is applied to the most recent sale price for 3 SPRING WAY of £415,000 on 10th December 2020. For the value to have increased from £415,000 to £463,164 over the five years and five months to July 2025, the following assumptions must hold true:

• The value of 3 SPRING WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The December 2020 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING WAY has not materially changed since December 2020.

How Large is 3 SPRING WAY?

3 SPRING WAY is 131m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses houses in Sible Hedingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sible Hedingham, and where 3 SPRING WAY lies on this distribution: 67% of detached houses houses are smaller than 3 SPRING WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Sible Hedingham.

3 SPRING WAY: Plot and Title Map

3 SPRING WAY sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 3 SPRING WAY, 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 3 SPRING WAY). 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 3 SPRING WAY?

3 SPRING WAY is located in SIBLE HEDINGHAM, in the CO9 postcode district. The below map shows the position of No. 3 on SPRING WAY.