10, THE SPINNEY, ELSTON, NEWARK, NG23 5PE - £270,000

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.

10 THE SPINNEY is a large extended detached house of 169m², built sometime between 1967 and 1975, which could now be worth an estimated £459,206. It was last sold for £270,000 in April 2012, which was around 30% above the average April 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

10 THE SPINNEY Sold Prices

Land registry data shows two sales for 10 THE SPINNEY 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 THE SPINNEY sales were for above 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
2012 25 APR	£270,000	£206,962	30% above HPI
2007 27 SEP	£265,000	£238,953	11% above HPI

10 THE SPINNEY 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 THE SPINNEY sales from September 2007 and April 2012 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 September 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the April 2012 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 10 THE SPINNEY be worth now?

10 THE SPINNEY might now be worth an estimated £459,206.

This is based on house price inflation of 70.1%, between April 2012 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 70.1% inflationary increase is applied to the most recent sale price for 10 THE SPINNEY of £270,000 on 25th April 2012. For the value to have increased from £270,000 to £459,206 over the thirteen years and two months to February 2025, the following assumptions must hold true:

• The value of 10 THE SPINNEY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2012 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 10 THE SPINNEY has not materially changed since April 2012.

How Large is 10 THE SPINNEY?

10 THE SPINNEY is 169m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the largest 40% 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 SPINNEY lies on this distribution: 64% of detached houses houses are smaller than 10 THE SPINNEY, and 36% of houses are larger. Note that EPC data is not available for all properties in Elston.

10 THE SPINNEY: Plot and Title Map

10 THE SPINNEY sits on a plot of roughly 0.239 of an acre, or 966m². The below map shows the location of 10 THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

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