1, HOPWAS CLOSE, AVERHAM, NEWARK, NG23 5UA - £385,000

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 HOPWAS CLOSE is a midsized detached house of 137m², built sometime between 1996 and 2002, which could now be worth an estimated £447,298. It was last sold for £385,000 in December 2020, which was around 27% above the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

1 HOPWAS CLOSE Sold Prices

Land registry data shows two sales for 1 HOPWAS CLOSE 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 HOPWAS 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
2020 14 DEC	£385,000	£302,969	27% above HPI
2002 31 JUL	£179,950	£140,156	28% above HPI

1 HOPWAS 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 two 1 HOPWAS CLOSE sales from July 2002 and December 2020 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 July 2002 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 1 HOPWAS CLOSE be worth now?

1 HOPWAS CLOSE might now be worth an estimated £447,298.

This is based on house price inflation of 16.2%, between December 2020 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 16.2% inflationary increase is applied to the most recent sale price for 1 HOPWAS CLOSE of £385,000 on 14th December 2020. For the value to have increased from £385,000 to £447,298 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 HOPWAS CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HOPWAS CLOSE has not materially changed since December 2020.

How Large is 1 HOPWAS CLOSE?

1 HOPWAS CLOSE is 137m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 50% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where 1 HOPWAS CLOSE lies on this distribution: 47% of detached houses houses are smaller than 1 HOPWAS CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Averham.

1 HOPWAS CLOSE: Plot and Title Map

1 HOPWAS CLOSE sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of 1 HOPWAS 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 HOPWAS 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 HOPWAS CLOSE?

1 HOPWAS CLOSE is located in AVERHAM, in the NG23 postcode district. The below map shows the position of No. 1 on HOPWAS CLOSE.