4, SPRINGFIELD DRIVE, WEDMORE, BS28 4BT - £375,000

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.

4 SPRINGFIELD DRIVE is a small detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £614,061. It was last sold for £375,000 in August 2012, which was around 34% above the average August 2012 detached price in the Somerset local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

4 SPRINGFIELD DRIVE Sold Prices

Land registry data shows two sales for 4 SPRINGFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Both of the two 4 SPRINGFIELD 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
2012 20 AUG	£375,000	£279,895	34% above HPI
2000 21 JUL	£177,500	£140,738	26% above HPI

4 SPRINGFIELD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two 4 SPRINGFIELD DRIVE sales from July 2000 and August 2012 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 July 2000 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2012 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 4 SPRINGFIELD DRIVE be worth now?

4 SPRINGFIELD DRIVE might now be worth an estimated £614,061.

This is based on house price inflation of 63.7%, between August 2012 and May 2026, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.7% inflationary increase is applied to the most recent sale price for 4 SPRINGFIELD DRIVE of £375,000 on 20th August 2012. For the value to have increased from £375,000 to £614,061 over the fourteen years and three months to May 2026, the following assumptions must hold true:

• The value of 4 SPRINGFIELD DRIVE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2012 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRINGFIELD DRIVE has not materially changed since August 2012.

How Large is 4 SPRINGFIELD DRIVE?

4 SPRINGFIELD DRIVE is 117m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of detached houses houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where 4 SPRINGFIELD DRIVE lies on this distribution: 34% of detached houses houses are smaller than 4 SPRINGFIELD DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

4 SPRINGFIELD DRIVE: Plot and Title Map

4 SPRINGFIELD DRIVE sits on a plot of roughly 0.257 of an acre, or 1,042m². The below map shows the location of 4 SPRINGFIELD 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 4 SPRINGFIELD 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 4 SPRINGFIELD DRIVE?

4 SPRINGFIELD DRIVE is located in WEDMORE, in the BS28 postcode district. The below map shows the position of No. 4 on SPRINGFIELD DRIVE.