38, SPRINGFIELD ROAD, BIGRIGG, EGREMONT, CA22 2TQ - £58,500

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.

38 SPRINGFIELD ROAD is a very small extended terraced house of 51m², built sometime between 1900 and 1929, which could now be worth an estimated £69,024. It was last sold for £58,500 in April 2022, which was around 51% below the average April 2022 terraced price in the Cumberland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was F, and the potential energy rating was A.

38 SPRINGFIELD ROAD Sold Prices

Land registry data shows four sales for 38 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cumberland local authority area for the corresponding sale date. All of the four 38 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
2022 27 APR	£58,500	£120,144	51% below HPI
2007 25 MAY	£88,000	£102,948	15% below HPI
2005 1 DEC	£79,950	£91,691	13% below HPI
2004 16 JAN	£54,250	£62,196	13% below HPI

38 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 four 38 SPRINGFIELD ROAD sales between January 2004 and April 2022 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 May 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2022 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 38 SPRINGFIELD ROAD be worth now?

38 SPRINGFIELD ROAD might now be worth an estimated £69,024.

This is based on house price inflation of 18%, between April 2022 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 18% inflationary increase is applied to the most recent sale price for 38 SPRINGFIELD ROAD of £58,500 on 27th April 2022. For the value to have increased from £58,500 to £69,024 over the four years to April 2026, the following assumptions must hold true:

• The value of 38 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the Cumberland local authority area.
• The April 2022 sale price of £58,500 represented a fair market value for the property.
• The size, condition, and specification of 38 SPRINGFIELD ROAD has not materially changed since April 2022.

How Large is 38 SPRINGFIELD ROAD?

38 SPRINGFIELD ROAD is 51m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% 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 38 SPRINGFIELD ROAD lies on this distribution: 2% of terraced houses houses are smaller than 38 SPRINGFIELD ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Bigrigg.

38 SPRINGFIELD ROAD: Plot and Title Map

38 SPRINGFIELD ROAD sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 38 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 38 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 38 SPRINGFIELD ROAD?

38 SPRINGFIELD ROAD is located in BIGRIGG, in the CA22 postcode district. The below map shows the position of No. 38 on SPRINGFIELD ROAD.