12, SCHOOL LANE, CLAYPOLE, NEWARK, NG23 5BQ - £251,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 SCHOOL LANE is a very small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £251,000 in November 2015, which was around 3% below the average November 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was D.

12 SCHOOL LANE Sold Prices

Land registry data shows two sales for 12 SCHOOL 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 South Kesteven local authority area for the corresponding sale date. Both of the two 12 SCHOOL 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
2015 16 NOV	£251,000	£258,421	3% below HPI
2010 5 MAR	£185,000	£212,980	13% below HPI

12 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 12 SCHOOL LANE sales from March 2010 and November 2015 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 March 2010 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2015 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 12 SCHOOL LANE?

12 SCHOOL LANE is 90m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in Claypole, based on EPC data. The below chart shows the distribution of detached houses by size in Claypole, and where 12 SCHOOL LANE lies on this distribution: 15% of detached houses are smaller than 12 SCHOOL LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Claypole.

12 SCHOOL LANE: Plot and Title Map

12 SCHOOL LANE sits on a plot of roughly 0.178 of an acre, or 722m². The below map shows the location of 12 SCHOOL 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 12 SCHOOL 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 12 SCHOOL LANE?

12 SCHOOL LANE is located in CLAYPOLE, in the NG23 postcode district. The below map shows the position of No. 12 on SCHOOL LANE.