3, SPRINGVALE DRIVE, WEBHEATH, REDDITCH, B97 5PL - £690,000

3 SPRINGVALE DRIVE is a very large detached house of 181m², built sometime between 2003 and 2006. It was last sold for £690,000 in April 2023, which was around 66% above the average April 2023 detached price in the Redditch local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

3 SPRINGVALE DRIVE Sold Prices

Land registry data shows four sales for 3 SPRINGVALE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Most of the four 3 SPRINGVALE DRIVE sales were for above 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 14 APR	£690,000	£416,320	66% above HPI
2018 26 JUN	£535,000	£319,340	68% above HPI
2014 24 APR	£411,000	£252,325	63% above HPI
2003 20 MAR	£125,000	£186,150	33% below HPI

3 SPRINGVALE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The four 3 SPRINGVALE DRIVE sales between March 2003 and April 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 June 2018 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the April 2023 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 3 SPRINGVALE DRIVE?

3 SPRINGVALE DRIVE is 181m² according to the EPC inspection conducted in September 2013. This puts it in the largest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 3 SPRINGVALE DRIVE lies on this distribution: 95% of detached houses are smaller than 3 SPRINGVALE DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 SPRINGVALE DRIVE: Plot and Title Map

3 SPRINGVALE DRIVE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 3 SPRINGVALE 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 3 SPRINGVALE 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 3 SPRINGVALE DRIVE?

3 SPRINGVALE DRIVE is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 3 on SPRINGVALE DRIVE.