1, STATION CLOSE, COLLINGHAM, NEWARK, NG23 7RB - £240,000

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 STATION CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £254,176. It was last sold for £240,000 in June 2023, which was around 28% below the average June 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

1 STATION CLOSE Sold Prices

Land registry data shows four sales for 1 STATION CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 1 STATION CLOSE 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 15 JUN	£240,000	£332,362	28% below HPI
2021 26 FEB	£205,000	£301,064	32% below HPI
2004 27 FEB	£149,950	£184,642	19% below HPI
1997 6 MAR	£45,000	£75,977	41% below HPI

1 STATION 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 four 1 STATION CLOSE sales between March 1997 and June 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 February 2021 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 1 STATION CLOSE be worth now?

1 STATION CLOSE might now be worth an estimated £254,176.

This is based on house price inflation of 5.9%, between June 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 5.9% inflationary increase is applied to the most recent sale price for 1 STATION CLOSE of £240,000 on 15th June 2023. For the value to have increased from £240,000 to £254,176 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 1 STATION CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2023 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 STATION CLOSE has not materially changed since June 2023.

How Large is 1 STATION CLOSE?

1 STATION CLOSE is 71m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses houses in Collingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Collingham, and where 1 STATION CLOSE lies on this distribution: 7% of detached houses houses are smaller than 1 STATION CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Collingham.

1 STATION CLOSE: Plot and Title Map

1 STATION CLOSE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 1 STATION 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 STATION 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 STATION CLOSE?

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