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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CHAPEL FARM CLOSE is a midsized detached house of 151m². It was last sold for £515,000 in March 2022, which was around 64% 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	£314,451	64% above HPI
2018 25 MAY	£455,000	£256,928	77% above HPI
2016 7 JUN	£430,000	£237,429	81% 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 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the March 2022 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

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 in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where 1 CHAPEL FARM CLOSE lies on this distribution: 55% of detached houses are smaller than 1 CHAPEL FARM CLOSE, and 44% 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.