40, SPRINGFIELD ROAD, BIGRIGG, EGREMONT, CA22 2TQ - £83,500

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.

40 SPRINGFIELD ROAD is a very small extended terraced house of 55m², built sometime before 1900, which could now be worth an estimated £101,982. It was last sold for £83,500 in September 2021, which was around 28% below the average September 2021 terraced price in the Cumberland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

40 SPRINGFIELD ROAD Sold Prices

Land registry data shows four sales for 40 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 40 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
2021 17 SEP	£83,500	£116,067	28% below HPI
2015 20 AUG	£83,500	£98,014	15% below HPI
2005 9 SEP	£69,000	£89,371	23% below HPI
1996 29 APR	£21,000	£31,044	32% below HPI

40 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 40 SPRINGFIELD ROAD sales between April 1996 and September 2021 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 August 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 40 SPRINGFIELD ROAD be worth now?

40 SPRINGFIELD ROAD might now be worth an estimated £101,982.

This is based on house price inflation of 22.1%, between September 2021 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 22.1% inflationary increase is applied to the most recent sale price for 40 SPRINGFIELD ROAD of £83,500 on 17th September 2021. For the value to have increased from £83,500 to £101,982 over the five years and five months to April 2026, the following assumptions must hold true:

• The value of 40 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the Cumberland local authority area.
• The September 2021 sale price of £83,500 represented a fair market value for the property.
• The size, condition, and specification of 40 SPRINGFIELD ROAD has not materially changed since September 2021.

How Large is 40 SPRINGFIELD ROAD?

40 SPRINGFIELD ROAD is 55m², which includes one extension, according to the EPC inspection conducted in June 2014. 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 40 SPRINGFIELD ROAD lies on this distribution: 2% of terraced houses houses are smaller than 40 SPRINGFIELD ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Bigrigg.

40 SPRINGFIELD ROAD: Plot and Title Map

40 SPRINGFIELD ROAD sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 40 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 40 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 40 SPRINGFIELD ROAD?

40 SPRINGFIELD ROAD is located in BIGRIGG, in the CA22 postcode district. The below map shows the position of No. 40 on SPRINGFIELD ROAD.