16, JERICHO ROAD, BALDERTON, NEWARK, NG24 3GT - £261,000

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.

16 JERICHO ROAD is a large detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £328,527. It was last sold for £261,000 in May 2020, which was around 7% below the average May 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

16 JERICHO ROAD Sold Prices

Land registry data shows four sales for 16 JERICHO ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four 16 JERICHO ROAD sales were for below the average price, and four 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
2020 22 MAY	£261,000	£279,643	7% below HPI
2002 11 OCT	£138,000	£149,066	7% below HPI
2002 31 MAY	£138,500	£119,967	15% above HPI
1999 19 MAR	£94,950	£83,999	13% above HPI

16 JERICHO ROAD 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 four 16 JERICHO ROAD sales between March 1999 and May 2020 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 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2020 sale, which was also at 7% below the HPI.

What might 16 JERICHO ROAD be worth now?

16 JERICHO ROAD might now be worth an estimated £328,527.

This is based on house price inflation of 25.9%, between May 2020 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 25.9% inflationary increase is applied to the most recent sale price for 16 JERICHO ROAD of £261,000 on 22nd May 2020. For the value to have increased from £261,000 to £328,527 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 16 JERICHO ROAD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2020 sale price of £261,000 represented a fair market value for the property.
• The size, condition, and specification of 16 JERICHO ROAD has not materially changed since May 2020.

How Large is 16 JERICHO ROAD?

16 JERICHO ROAD is 124m² according to the EPC inspection conducted in January 2016. This puts it in the largest 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 16 JERICHO ROAD lies on this distribution: 78% of detached houses houses are smaller than 16 JERICHO ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Balderton.

16 JERICHO ROAD: Plot and Title Map

16 JERICHO ROAD sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 16 JERICHO ROAD, 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 16 JERICHO ROAD). 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 16 JERICHO ROAD?

16 JERICHO ROAD is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 16 on JERICHO ROAD.