15, METCALFE CLOSE, SOUTHWELL, NG25 0JE - £280,000

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.

15 METCALFE CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £323,691. It was last sold for £280,000 in January 2021, which was around 8% below the average January 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

15 METCALFE CLOSE Sold Prices

Land registry data shows two sales for 15 METCALFE CLOSE 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 15 METCALFE CLOSE 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
2021 13 JAN	£280,000	£304,482	8% below HPI
2004 2 APR	£165,000	£189,370	13% below HPI

15 METCALFE CLOSE 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 15 METCALFE CLOSE sales from April 2004 and January 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 April 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 15 METCALFE CLOSE be worth now?

15 METCALFE CLOSE might now be worth an estimated £323,691.

This is based on house price inflation of 15.6%, between January 2021 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 15.6% inflationary increase is applied to the most recent sale price for 15 METCALFE CLOSE of £280,000 on 13th January 2021. For the value to have increased from £280,000 to £323,691 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 15 METCALFE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 15 METCALFE CLOSE has not materially changed since January 2021.

How Large is 15 METCALFE CLOSE?

15 METCALFE CLOSE is 62m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 15 METCALFE CLOSE lies on this distribution: 3% of detached houses houses are smaller than 15 METCALFE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Southwell.

15 METCALFE CLOSE: Plot and Title Map

15 METCALFE CLOSE sits on a plot of roughly 0.988 of an acre, or 3,998m². The below map shows the location of 15 METCALFE CLOSE, 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 15 METCALFE CLOSE). 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 15 METCALFE CLOSE?

15 METCALFE CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 15 on METCALFE CLOSE.