SPRINGFIELD, TINTERN, CHEPSTOW, NP16 6TH - £289,950

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 extended detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £368,369. It was last sold for £289,950 in August 2018, which was around 23% below the average August 2018 detached price in the Monmouthshire local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was E.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Monmouthshire local authority area for the corresponding sale date. All of the three 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
2018 31 AUG	£289,950	£377,367	23% below HPI
2014 17 OCT	£246,000	£305,273	19% below HPI
1998 18 SEP	£81,000	£112,520	28% below HPI

SPRINGFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Monmouthshire local authority area over time, sourced from the HPI. The three SPRINGFIELD sales between September 1998 and August 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 October 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £368,369.

This is based on house price inflation of 27%, between August 2018 and April 2026, for detached houses, in the Monmouthshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £289,950 on 31st August 2018. For the value to have increased from £289,950 to £368,369 over the eight years and four months to April 2026, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Monmouthshire local authority area.
• The August 2018 sale price of £289,950 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since August 2018.

How Large is SPRINGFIELD?

SPRINGFIELD is 80m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses houses in Tintern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tintern, and where SPRINGFIELD lies on this distribution: 12% of detached houses houses are smaller than SPRINGFIELD, and 88% of houses are larger. Note that EPC data is not available for all properties in Tintern.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.217 of an acre, or 880m². 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 in TINTERN, in the NP16 postcode district. The below map shows the position of SPRINGFIELD in TINTERN.