12, THE SHETLANDS, RETFORD, DN22 6YA - £390,000

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.

12 THE SHETLANDS is a very large extended detached house of 172m², built sometime between 1996 and 2002, which could now be worth an estimated £457,269. It was last sold for £390,000 in October 2021, which was around 46% above the average October 2021 detached price in the Bassetlaw local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

12 THE SHETLANDS Sold Prices

Land registry data shows five sales for 12 THE SHETLANDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the five 12 THE SHETLANDS 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
2021 20 OCT	£390,000	£266,713	46% above HPI
2016 24 MAR	£296,000	£197,069	50% above HPI
2009 23 OCT	£285,000	£175,047	63% above HPI
2003 14 FEB	£220,000	£119,417	84% above HPI
2000 17 JAN	£139,995	£74,579	88% above HPI

12 THE SHETLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The five 12 THE SHETLANDS sales between January 2000 and October 2021 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 2016 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the October 2021 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 12 THE SHETLANDS be worth now?

12 THE SHETLANDS might now be worth an estimated £457,269.

This is based on house price inflation of 17.2%, between October 2021 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 12 THE SHETLANDS of £390,000 on 20th October 2021. For the value to have increased from £390,000 to £457,269 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 12 THE SHETLANDS has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The October 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE SHETLANDS has not materially changed since October 2021.

How Large is 12 THE SHETLANDS?

12 THE SHETLANDS is 172m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% of detached houses houses in Retford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Retford, and where 12 THE SHETLANDS lies on this distribution: 88% of detached houses houses are smaller than 12 THE SHETLANDS, and 12% of houses are larger. Note that EPC data is not available for all properties in Retford.

12 THE SHETLANDS: Plot and Title Map

12 THE SHETLANDS sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of 12 THE SHETLANDS, 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 THE SHETLANDS). 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 THE SHETLANDS?

12 THE SHETLANDS is located in RETFORD, in the DN22 postcode district. The below map shows the position of No. 12 on THE SHETLANDS.