1, HEREFORD AVENUE, OLLERTON, NEWARK, NG22 9AE - £250,000

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 HEREFORD AVENUE is a large extended detached house of 116m², built sometime between 1976 and 1982, which could now be worth an estimated £259,725. It was last sold for £250,000 in May 2023, which was around 26% below the average May 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

1 HEREFORD AVENUE Sold Prices

Land registry data shows two sales for 1 HEREFORD AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 1 HEREFORD AVENUE sales were for below 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
2023 26 MAY	£250,000	£338,813	26% below HPI
2015 7 OCT	£168,500	£249,244	32% below HPI

1 HEREFORD AVENUE 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 two 1 HEREFORD AVENUE sales from October 2015 and May 2023 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 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 HEREFORD AVENUE be worth now?

1 HEREFORD AVENUE might now be worth an estimated £259,725.

This is based on house price inflation of 3.9%, between May 2023 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 3.9% inflationary increase is applied to the most recent sale price for 1 HEREFORD AVENUE of £250,000 on 26th May 2023. For the value to have increased from £250,000 to £259,725 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 1 HEREFORD AVENUE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2023 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HEREFORD AVENUE has not materially changed since May 2023.

How Large is 1 HEREFORD AVENUE?

1 HEREFORD AVENUE is 116m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 40% of detached houses houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ollerton, and where 1 HEREFORD AVENUE lies on this distribution: 64% of detached houses houses are smaller than 1 HEREFORD AVENUE, and 36% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

1 HEREFORD AVENUE: Plot and Title Map

1 HEREFORD AVENUE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 1 HEREFORD AVENUE, 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 HEREFORD AVENUE). 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 HEREFORD AVENUE?

1 HEREFORD AVENUE is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 1 on HEREFORD AVENUE.