10, COLLEY LANE, WESTON, NEWARK, NG23 6SX - £162,500

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.

10 COLLEY LANE is a very small detached house of 56m², built sometime between 1950 and 1966, which could now be worth an estimated £274,045. It was last sold for £162,500 in February 2010, which was around 23% below the average February 2010 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2009, where the current energy rating was G, and the potential energy rating was F.

10 COLLEY LANE Sold Prices

Land registry data shows two sales for 10 COLLEY LANE 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 10 COLLEY 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
2010 5 FEB	£162,500	£210,562	23% below HPI
1996 30 APR	£48,000	£75,215	36% below HPI

10 COLLEY LANE 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 10 COLLEY LANE sales from April 1996 and February 2010 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 April 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2010 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 10 COLLEY LANE be worth now?

10 COLLEY LANE might now be worth an estimated £274,045.

This is based on house price inflation of 68.6%, between February 2010 and March 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 68.6% inflationary increase is applied to the most recent sale price for 10 COLLEY LANE of £162,500 on 5th February 2010. For the value to have increased from £162,500 to £274,045 over the fourteen years and eleven months to March 2025, the following assumptions must hold true:

• The value of 10 COLLEY LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2010 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 10 COLLEY LANE has not materially changed since February 2010.

How Large is 10 COLLEY LANE?

10 COLLEY LANE is 56m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses houses in Weston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Weston, and where 10 COLLEY LANE lies on this distribution: Less than 1% of detached houses houses are smaller than 10 COLLEY LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Weston.

10 COLLEY LANE: Plot and Title Map

10 COLLEY LANE sits on a plot of roughly 0.201 of an acre, or 814m². The below map shows the location of 10 COLLEY 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 10 COLLEY 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 10 COLLEY LANE?

10 COLLEY LANE is located in WESTON, in the NG23 postcode district. The below map shows the position of No. 10 on COLLEY LANE.