8, SPRINGFIELD CLOSE, WEYBOURNE, HOLT, NR25 7TB - £282,000

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.

8 SPRINGFIELD CLOSE is a very small semi-detached house of 52m², built sometime between 1976 and 1982, which could now be worth an estimated £334,550. It was last sold for £282,000 in April 2018, which was around 26% above the average April 2018 semi-detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was B.

8 SPRINGFIELD CLOSE Sold Prices

Land registry data shows three sales for 8 SPRINGFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Norfolk local authority area for the corresponding sale date. Two of the three 8 SPRINGFIELD CLOSE sales were for above the average price, whilst one was 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
2018 16 APR	£282,000	£223,006	26% above HPI
2016 14 APR	£248,000	£195,579	27% above HPI
2015 2 DEC	£160,000	£193,316	17% below HPI

8 SPRINGFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 8 SPRINGFIELD CLOSE sales between December 2015 and April 2018 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 April 2016 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the April 2018 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 8 SPRINGFIELD CLOSE be worth now?

8 SPRINGFIELD CLOSE might now be worth an estimated £334,550.

This is based on house price inflation of 18.6%, between April 2018 and April 2026, for semi-detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.6% inflationary increase is applied to the most recent sale price for 8 SPRINGFIELD CLOSE of £282,000 on 16th April 2018. For the value to have increased from £282,000 to £334,550 over the eight years to April 2026, the following assumptions must hold true:

• The value of 8 SPRINGFIELD CLOSE has moved in line with the HPI for semi-detached houses in the North Norfolk local authority area.
• The April 2018 sale price of £282,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRINGFIELD CLOSE has not materially changed since April 2018.

How Large is 8 SPRINGFIELD CLOSE?

8 SPRINGFIELD CLOSE is 52m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of semi-detached houses houses in Weybourne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Weybourne, and where 8 SPRINGFIELD CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 8 SPRINGFIELD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Weybourne.

8 SPRINGFIELD CLOSE: Plot and Title Map

8 SPRINGFIELD CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 8 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 8 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 8 SPRINGFIELD CLOSE?

8 SPRINGFIELD CLOSE is located in WEYBOURNE, in the NR25 postcode district. The below map shows the position of No. 8 on SPRINGFIELD CLOSE.