SPRINGBANK, BRIDGERULE, HOLSWORTHY, EX22 7EN - £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.

SPRINGBANK is a midsized detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £447,284. It was last sold for £375,000 in December 2019, which was around 16% above the average December 2019 detached price in the Torridge local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was B.

SPRINGBANK Sold Prices

Land registry data shows three sales for SPRINGBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Torridge local authority area for the corresponding sale date. Two of the three SPRINGBANK 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
2019 19 DEC	£375,000	£324,448	16% above HPI
2018 26 MAR	£300,000	£316,844	5% below HPI
1998 21 AUG	£109,000	£88,998	22% above HPI

SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The three SPRINGBANK sales between August 1998 and December 2019 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 March 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2019 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might SPRINGBANK be worth now?

SPRINGBANK might now be worth an estimated £447,284.

This is based on house price inflation of 19.3%, between December 2019 and April 2026, for detached houses, in the Torridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.3% inflationary increase is applied to the most recent sale price for SPRINGBANK of £375,000 on 19th December 2019. For the value to have increased from £375,000 to £447,284 over the seven years and eight months to April 2026, the following assumptions must hold true:

• The value of SPRINGBANK has moved in line with the HPI for detached houses in the Torridge local authority area.
• The December 2019 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGBANK has not materially changed since December 2019.

How Large is SPRINGBANK?

SPRINGBANK is 111m² according to the EPC inspection conducted in April 2019. This puts it in the largest 50% of detached houses houses in Bridgerule, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bridgerule, and where SPRINGBANK lies on this distribution: 50% of detached houses houses are smaller than SPRINGBANK, and 50% of houses are larger. Note that EPC data is not available for all properties in Bridgerule.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.190 of an acre, or 768m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located in BRIDGERULE, in the EX22 postcode district. The below map shows the position of SPRINGBANK in BRIDGERULE.