15, THE SPINNEY, ELSTON, NEWARK, NG23 5PE - £318,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 THE SPINNEY is a large extended detached house of 180m², built sometime between 1967 and 1975. It was last sold for £318,000 in October 2017, which was around 20% above the average October 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

15 THE SPINNEY Sold Prices

Land registry data shows two sales for 15 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. One of the two 15 THE SPINNEY sales was for above the average price, whilst the other was 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
2017 6 OCT	£318,000	£265,422	20% above HPI
2009 4 MAR	£193,000	£199,992	3% below HPI

15 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 15 THE SPINNEY sales from March 2009 and October 2017 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 2009 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2017 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 15 THE SPINNEY?

15 THE SPINNEY is 180m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where 15 THE SPINNEY lies on this distribution: 71% of detached houses are smaller than 15 THE SPINNEY, and 29% of houses are larger. Note that EPC data is not available for all properties in Elston.

15 THE SPINNEY: Plot and Title Map

15 THE SPINNEY sits on a plot of roughly 0.168 of an acre, or 682m². The below map shows the location of 15 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 15 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 15 THE SPINNEY?

15 THE SPINNEY is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 15 on THE SPINNEY.