5, Spring Lane, WR5 1AU
5 Spring Lane is a 41 m² flat in Worcester. It sold for £159,950 in Aug 2022.
- Sale history
-
Date Paid price Tenure Annual growth After inflation Aug 2022 £159,950 Leasehold 21.2% 12.2% Apr 2021 £125,000 Leasehold 5.0% 3.3% Apr 2020 £119,000 Leasehold 10.6% 9.3% Oct 2018 £10,000 * Freehold -4.2% -6.2% Oct 2018 £102,500 Leasehold na na Feb 1995 £28,000 Leasehold na na *This price paid record has been flagged by Land Registry as a 'Category B: Additional Price Paid entry'. This could be due to a variety of reasons, such as the sale being a buy-to-let purchase, a repossession or a transfer to a limited company. When Land Registry suspects that a sale does not reflect full market value (e.g. part-ownership or right to buy), these transactions can be flagged as well. For this reason, we exclude them from our area statistics.
- Internal area
- 41 square metres (441 square feet) according to latest EPC inspection
- Price per internal area
-
This property sold for £3,901 per square metre (£362 per square foot) in Aug 2022. Indexed forward to today's value, this is roughly £3,952 per square metre (£367 per square foot) .
Date Paid price Paid £/sqm Today's value Today's value £/sqm Aug 2022 £159,950 £3,901 £162,023 £3,952 Apr 2021 £125,000 £3,049 £133,147 £3,247 Apr 2020 £119,000 £2,902 £138,000 £3,366 Oct 2018 £10,000 £244 £13,152 £321 Oct 2018 £102,500 £2,500 £115,774 £2,824 Feb 1995 £28,000 £683 £75,848 £1,850 Calculated using the latest EPC internal area of 41 m². Earlier sale dates may not have had the same measured area available.
- Valuation
- The most recent sale price indexed forward to today's value is £162,023. This is one data point to inform the valuation. Another method is the valuation implied by what comparable homes are selling for. Homes in Worcester are now selling for between £2,420 and £3,520 per square metre (£224 and £327 per square foot). Based on an internal area of 41 m², this implies a valuation between £99,000 and £144,000. Treat this as context only. For a valuation using hand-picked comparable sales, use the Advanced search tool — create a shortlist of similar condition homes, then export a valuation report.
- Bedrooms
- na
- Type
- Flat
- Council tax band
- A
- Summary:
- 05 July 2018 - energy performance certificate grade D
- Reason for EPC:
- Marketed sale
- Tenure:
- Private rental
- Property type:
- 1st floor flat in an apartment block with 1 storeys , has 2 habitable rooms. Estimated year built 1991 to 1995
- Area:
- 41 sqm (441 square foot) total internal area
- Comments:
- Walls: Cavity wall, as built, insulated (assumed). Roof: (another dwelling above). Heating: Electric storage heaters.