17, THE SPINNEY, ELSTON, NEWARK, NG23 5PE - £315,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

17 THE SPINNEY is a very large detached house of 208m², built sometime between 1967 and 1975, which could now be worth an estimated £518,244. It was last sold for £315,000 in May 2006, which was around 47% above the average May 2006 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 C.

17 THE SPINNEY Sold Prices

Land registry data shows two sales for 17 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. Both of the two 17 THE SPINNEY 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
2006 25 MAY	£315,000	£213,949	47% above HPI
1996 29 JAN	£131,000	£72,960	80% above HPI

17 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 17 THE SPINNEY sales from January 1996 and May 2006 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 January 1996 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the May 2006 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 17 THE SPINNEY be worth now?

17 THE SPINNEY might now be worth an estimated £518,244.

This is based on house price inflation of 64.5%, between May 2006 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 64.5% inflationary increase is applied to the most recent sale price for 17 THE SPINNEY of £315,000 on 25th May 2006. For the value to have increased from £315,000 to £518,244 over the nineteen years and three months to February 2025, the following assumptions must hold true:

• The value of 17 THE SPINNEY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2006 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 17 THE SPINNEY has not materially changed since May 2006.

How Large is 17 THE SPINNEY?

17 THE SPINNEY is 208m² according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where 17 THE SPINNEY lies on this distribution: 89% of detached houses houses are smaller than 17 THE SPINNEY, and 11% of houses are larger. Note that EPC data is not available for all properties in Elston.

17 THE SPINNEY: Plot and Title Map

17 THE SPINNEY sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of 17 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 17 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 17 THE SPINNEY?

17 THE SPINNEY is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 17 on THE SPINNEY.