1, CHAPEL FARM CLOSE, ELSTON, NEWARK, NG23 5PW - £515,000

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.

1 CHAPEL FARM CLOSE is a midsized detached house of 151m², which could now be worth an estimated £553,769. It was last sold for £515,000 in March 2022, which was around 57% above the average March 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

1 CHAPEL FARM CLOSE Sold Prices

Land registry data shows three sales for 1 CHAPEL FARM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 1 CHAPEL FARM CLOSE 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
2022 21 MAR	£515,000	£327,350	57% above HPI
2018 25 MAY	£455,000	£267,466	70% above HPI
2016 7 JUN	£430,000	£247,168	74% above HPI

1 CHAPEL FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 1 CHAPEL FARM CLOSE sales between June 2016 and March 2022 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 May 2018 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the March 2022 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 1 CHAPEL FARM CLOSE be worth now?

1 CHAPEL FARM CLOSE might now be worth an estimated £553,769.

This is based on house price inflation of 7.5%, between March 2022 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.5% inflationary increase is applied to the most recent sale price for 1 CHAPEL FARM CLOSE of £515,000 on 21st March 2022. For the value to have increased from £515,000 to £553,769 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 1 CHAPEL FARM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHAPEL FARM CLOSE has not materially changed since March 2022.

How Large is 1 CHAPEL FARM CLOSE?

1 CHAPEL FARM CLOSE is 151m² according to the EPC inspection conducted in May 2018. This puts it in the largest 50% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where 1 CHAPEL FARM CLOSE lies on this distribution: 54% of detached houses houses are smaller than 1 CHAPEL FARM CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Elston.

1 CHAPEL FARM CLOSE: Plot and Title Map

1 CHAPEL FARM CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 1 CHAPEL FARM CLOSE, 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 1 CHAPEL FARM CLOSE). 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 1 CHAPEL FARM CLOSE?

1 CHAPEL FARM CLOSE is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 1 on CHAPEL FARM CLOSE.