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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HEREFORD AVENUE is a large extended detached house of 116m², built sometime between 1976 and 1982. It was last sold for £250,000 in May 2023, which was around 23% 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	£325,463	23% below HPI
2015 7 OCT	£168,500	£239,424	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

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 in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where 1 HEREFORD AVENUE lies on this distribution: 64% of detached 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.