12, HERON WAY, NEW BALDERTON, NEWARK, NG24 3DD - £125,000

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

12 HERON WAY is a small detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £214,744. It was last sold for £125,000 in July 2012, which was around 40% below the average July 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was B.

12 HERON WAY Sold Prices

Land registry data shows two sales for 12 HERON WAY 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 12 HERON WAY 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
2012 11 JUL	£125,000	£208,986	40% below HPI
2004 8 OCT	£139,950	£202,466	31% below HPI

12 HERON WAY 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 12 HERON WAY sales from October 2004 and July 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 October 2004 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2012 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 12 HERON WAY be worth now?

12 HERON WAY might now be worth an estimated £214,744.

This is based on house price inflation of 71.8%, between July 2012 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 71.8% inflationary increase is applied to the most recent sale price for 12 HERON WAY of £125,000 on 11th July 2012. For the value to have increased from £125,000 to £214,744 over the eleven years and seven months to December 2024, the following assumptions must hold true:

• The value of 12 HERON WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2012 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 12 HERON WAY has not materially changed since July 2012.

How Large is 12 HERON WAY?

12 HERON WAY is 71m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 12 HERON WAY lies on this distribution: 22% of detached houses houses are smaller than 12 HERON WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Balderton.

12 HERON WAY: Plot and Title Map

12 HERON WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 12 HERON WAY, 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 12 HERON WAY). 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 12 HERON WAY?

12 HERON WAY is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 12 on HERON WAY.