10, THE PADDOCKS, ELSTON, NEWARK, NG23 5PH - £280,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

10 THE PADDOCKS is a very small detached house of 78m², built sometime between 1983 and 1990, which could now be worth an estimated £359,149. It was last sold for £280,000 in January 2020, which was about the average January 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

10 THE PADDOCKS Sold Prices

Land registry data shows three sales for 10 THE PADDOCKS 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. The three 10 THE PADDOCKS sales were a mix of roughly equal to the average price, and 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
2020 31 JAN	£280,000	£279,906	Close to HPI
2011 7 OCT	£163,000	£213,996	24% below HPI
1998 1 SEP	£76,500	£90,713	16% below HPI

10 THE PADDOCKS 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 10 THE PADDOCKS sales between September 1998 and January 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 October 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 10 THE PADDOCKS be worth now?

10 THE PADDOCKS might now be worth an estimated £359,149.

This is based on house price inflation of 28.3%, between January 2020 and December 2024, 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 28.3% inflationary increase is applied to the most recent sale price for 10 THE PADDOCKS of £280,000 on 31st January 2020. For the value to have increased from £280,000 to £359,149 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 10 THE PADDOCKS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 10 THE PADDOCKS has not materially changed since January 2020.

How Large is 10 THE PADDOCKS?

10 THE PADDOCKS is 78m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 10% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where 10 THE PADDOCKS lies on this distribution: 9% of detached houses houses are smaller than 10 THE PADDOCKS, and 91% of houses are larger. Note that EPC data is not available for all properties in Elston.

10 THE PADDOCKS: Plot and Title Map

10 THE PADDOCKS sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 10 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

10 THE PADDOCKS is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 10 on THE PADDOCKS.