SPRINGFIELD, STATION ROAD, WANSTROW, SHEPTON MALLET, BA4 4SZ - £435,000

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.

SPRINGFIELD is a very small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £498,287. It was last sold for £435,000 in December 2020, which was around 9% above the average December 2020 detached price in the Somerset local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows four sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Most of the four SPRINGFIELD 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
2020 8 DEC	£435,000	£400,115	9% above HPI
2015 15 MAY	£240,000	£306,525	22% below HPI
2006 17 FEB	£240,000	£261,278	8% below HPI
2004 31 MAR	£225,000	£244,286	8% below HPI

SPRINGFIELD 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 four SPRINGFIELD sales between March 2004 and December 2020 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 May 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £498,287.

This is based on house price inflation of 14.5%, between December 2020 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 14.5% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £435,000 on 8th December 2020. For the value to have increased from £435,000 to £498,287 over the six years and seven months to May 2026, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2020 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since December 2020.

How Large is SPRINGFIELD?

SPRINGFIELD is 87m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 20% of detached houses houses in Wanstrow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wanstrow, and where SPRINGFIELD lies on this distribution: 19% of detached houses houses are smaller than SPRINGFIELD, and 81% of houses are larger. Note that EPC data is not available for all properties in Wanstrow.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.390 of an acre, or 1,579m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on STATION ROAD in WANSTROW, in the BA4 postcode district. The below map shows the position of SPRINGFIELD on STATION ROAD.