1, OAK TREE MEWS, BILSTHORPE, NEWARK, NG22 8WQ - £260,000

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 OAK TREE MEWS is a very small detached house of 60m², which could now be worth an estimated £263,315. It was last sold for £260,000 in November 2023, which was around 25% below the average November 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

1 OAK TREE MEWS Sold Prices

Land registry data shows three sales for 1 OAK TREE MEWS 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 OAK TREE MEWS 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 6 NOV	£260,000	£347,562	25% below HPI
2021 9 JUL	£180,000	£303,959	41% below HPI
2017 18 DEC	£192,000	£273,526	30% below HPI

1 OAK TREE MEWS 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 OAK TREE MEWS sales between December 2017 and November 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 July 2021 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 OAK TREE MEWS be worth now?

1 OAK TREE MEWS might now be worth an estimated £263,315.

This is based on house price inflation of 1.3%, between November 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 1.3% inflationary increase is applied to the most recent sale price for 1 OAK TREE MEWS of £260,000 on 6th November 2023. For the value to have increased from £260,000 to £263,315 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 OAK TREE MEWS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAK TREE MEWS has not materially changed since November 2023.

How Large is 1 OAK TREE MEWS?

1 OAK TREE MEWS is 60m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsthorpe, and where 1 OAK TREE MEWS lies on this distribution: 2% of detached houses houses are smaller than 1 OAK TREE MEWS, and 97% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

1 OAK TREE MEWS: Plot and Title Map

1 OAK TREE MEWS sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 1 OAK TREE MEWS, 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 OAK TREE MEWS). 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 OAK TREE MEWS?

1 OAK TREE MEWS is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 1 on OAK TREE MEWS.