8, SPRINGFIELD, KEGWORTH, DERBY, DE74 2DP - £330,000

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.

8 SPRINGFIELD is a very large extended semi-detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £441,878. It was last sold for £330,000 in October 2018, which was around 78% above the average October 2018 semi-detached price in the North West Leicestershire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

8 SPRINGFIELD Sold Prices

Land registry data shows two sales for 8 SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North West Leicestershire local authority area for the corresponding sale date. Both of the two 8 SPRINGFIELD 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
2018 31 OCT	£330,000	£185,707	78% above HPI
2003 31 OCT	£220,000	£116,259	89% above HPI

8 SPRINGFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 8 SPRINGFIELD sales from October 2003 and October 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 2003 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the October 2018 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 8 SPRINGFIELD be worth now?

8 SPRINGFIELD might now be worth an estimated £441,878.

This is based on house price inflation of 33.9%, between October 2018 and May 2026, for semi-detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.9% inflationary increase is applied to the most recent sale price for 8 SPRINGFIELD of £330,000 on 31st October 2018. For the value to have increased from £330,000 to £441,878 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 8 SPRINGFIELD has moved in line with the HPI for semi-detached houses in the North West Leicestershire local authority area.
• The October 2018 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRINGFIELD has not materially changed since October 2018.

How Large is 8 SPRINGFIELD?

8 SPRINGFIELD is 131m², which includes three extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 10% of semi-detached houses in Kegworth, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Kegworth, and where 8 SPRINGFIELD lies on this distribution: 90% of semi-detached houses are smaller than 8 SPRINGFIELD, and 9% of semi-detached houses are larger. Note that EPC data is not available for all properties in Kegworth.

8 SPRINGFIELD: Plot

8 SPRINGFIELD sits on a plot of roughly 0.123 of an acre, or 498m².

Where is 8 SPRINGFIELD?

8 SPRINGFIELD is located in KEGWORTH, in the DE74 postcode district. The below map shows the position of No. 8 on SPRINGFIELD.