1, PARK LANE, ELKESLEY, RETFORD, DN22 8AR - £195,000

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 PARK LANE is a very small extended detached house of 82m², built sometime between 1983 and 1990. It was last sold for £195,000 in February 2021, which was around 22% below the average February 2021 detached price in the Bassetlaw local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was C.

1 PARK LANE Sold Prices

Land registry data shows four sales for 1 PARK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the four 1 PARK LANE 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
2021 24 FEB	£195,000	£251,484	22% below HPI
2015 18 NOV	£168,500	£200,150	16% below HPI
2003 10 OCT	£118,500	£141,926	17% below HPI
1997 10 FEB	£54,500	£66,210	18% below HPI

1 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The four 1 PARK LANE sales between February 1997 and February 2021 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 November 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 1 PARK LANE?

1 PARK LANE is 82m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of detached houses in Elkesley, based on EPC data. The below chart shows the distribution of detached houses by size in Elkesley, and where 1 PARK LANE lies on this distribution: 9% of detached houses are smaller than 1 PARK LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Elkesley.

1 PARK LANE: Plot and Title Map

1 PARK LANE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 1 PARK LANE, 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 PARK LANE). 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 PARK LANE?

1 PARK LANE is located in ELKESLEY, in the DN22 postcode district. The below map shows the position of No. 1 on PARK LANE.