SPRINGFIELDS, NINGWOOD HILL, CRANMORE, YARMOUTH, PO41 0XP - £600,000

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.

SPRINGFIELDS is a large extended detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £764,571. It was last sold for £600,000 in May 2019, which was around 90% above the average May 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELDS Sold Prices

Land registry data shows four sales for SPRINGFIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four SPRINGFIELDS sales were for above 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 14 MAY	£600,000	£316,015	90% above HPI
2008 1 AUG	£475,000	£253,763	87% above HPI
1998 3 NOV	£180,000	£93,063	93% above HPI
1997 8 SEP	£163,500	£79,619	105% above HPI

SPRINGFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four SPRINGFIELDS sales between September 1997 and May 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 August 2008 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the May 2019 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might SPRINGFIELDS be worth now?

SPRINGFIELDS might now be worth an estimated £764,571.

This is based on house price inflation of 27.4%, between May 2019 and March 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.4% inflationary increase is applied to the most recent sale price for SPRINGFIELDS of £600,000 on 14th May 2019. For the value to have increased from £600,000 to £764,571 over the six years and two months to March 2025, the following assumptions must hold true:

• The value of SPRINGFIELDS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2019 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELDS has not materially changed since May 2019.

How Large is SPRINGFIELDS?

SPRINGFIELDS is 161m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses houses in Cranmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranmore, and where SPRINGFIELDS lies on this distribution: 71% of detached houses houses are smaller than SPRINGFIELDS, and 27% of houses are larger. Note that EPC data is not available for all properties in Cranmore.

SPRINGFIELDS: Plot and Title Map

SPRINGFIELDS sits on a plot of roughly 2.0 acres, or 8,179m². The below map shows the location of SPRINGFIELDS, 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 SPRINGFIELDS). 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 SPRINGFIELDS?

SPRINGFIELDS is located on NINGWOOD HILL in CRANMORE, in the PO41 postcode district. The below map shows the position of SPRINGFIELDS on NINGWOOD HILL.