2, SPRINGFIELD PARK, DURHAM, DH1 4LS - £317,250

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.

2 SPRINGFIELD PARK is a very small detached house of 95m², built sometime between 1967 and 1975, which could now be worth an estimated £431,599. It was last sold for £317,250 in July 2018, which was around 81% above the average July 2018 detached price in the County Durham local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

2 SPRINGFIELD PARK Sold Prices

Land registry data shows one sale for 2 SPRINGFIELD PARK since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the County Durham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 13 JUL	£317,250	£175,020	81% above HPI

What might 2 SPRINGFIELD PARK be worth now?

2 SPRINGFIELD PARK might now be worth an estimated £431,599.

This is based on house price inflation of 36%, between July 2018 and April 2026, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36% inflationary increase is applied to the most recent sale price for 2 SPRINGFIELD PARK of £317,250 on 13th July 2018. For the value to have increased from £317,250 to £431,599 over the eight years and three months to April 2026, the following assumptions must hold true:

• The value of 2 SPRINGFIELD PARK has moved in line with the HPI for detached houses in the County Durham local authority area.
• The July 2018 sale price of £317,250 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGFIELD PARK has not materially changed since July 2018.

How Large is 2 SPRINGFIELD PARK?

2 SPRINGFIELD PARK is 95m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where 2 SPRINGFIELD PARK lies on this distribution: 17% of detached houses are smaller than 2 SPRINGFIELD PARK, and 82% of detached houses are larger. Note that EPC data is not available for all properties in Durham.

2 SPRINGFIELD PARK: Plot

2 SPRINGFIELD PARK sits on a plot of roughly 0.153 of an acre, or 618m².

Where is 2 SPRINGFIELD PARK?

2 SPRINGFIELD PARK is located in DURHAM, in the DH1 postcode district.