4, SPRINGFIELD CLOSE, OVINGTON, PRUDHOE, NE42 6EL - £212,500

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.

4 SPRINGFIELD CLOSE is a very small detached house of 90m², built sometime between 1976 and 1982, which could now be worth an estimated £315,108. It was last sold for £212,500 in February 2015, which was around 12% below the average February 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

4 SPRINGFIELD CLOSE Sold Prices

Land registry data shows two sales for 4 SPRINGFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 4 SPRINGFIELD 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
2015 13 FEB	£212,500	£242,545	12% below HPI
1997 26 JUN	£65,000	£90,871	28% below HPI

4 SPRINGFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 4 SPRINGFIELD CLOSE sales from June 1997 and February 2015 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 1997 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 4 SPRINGFIELD CLOSE be worth now?

4 SPRINGFIELD CLOSE might now be worth an estimated £315,108.

This is based on house price inflation of 48.3%, between February 2015 and April 2026, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.3% inflationary increase is applied to the most recent sale price for 4 SPRINGFIELD CLOSE of £212,500 on 13th February 2015. For the value to have increased from £212,500 to £315,108 over the ten years and ten months to April 2026, the following assumptions must hold true:

• The value of 4 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2015 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRINGFIELD CLOSE has not materially changed since February 2015.

How Large is 4 SPRINGFIELD CLOSE?

4 SPRINGFIELD CLOSE is 90m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses houses in Ovington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ovington, and where 4 SPRINGFIELD CLOSE lies on this distribution: 6% of detached houses houses are smaller than 4 SPRINGFIELD CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ovington.

4 SPRINGFIELD CLOSE: Plot and Title Map

4 SPRINGFIELD CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 4 SPRINGFIELD 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 4 SPRINGFIELD 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 4 SPRINGFIELD CLOSE?

4 SPRINGFIELD CLOSE is located in OVINGTON, in the NE42 postcode district. The below map shows the position of No. 4 on SPRINGFIELD CLOSE.