18, SPRING LANE, BALDERTON, NEWARK, NG24 3NZ - £152,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 SPRING LANE is a small semi-detached house of 70m², built sometime from 2007 onwards. It was last sold for £152,000 in March 2009, which was around 24% below the average March 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2008, where the current energy rating was B, and the potential energy rating was B.

18 SPRING LANE Sold Prices

Land registry data shows two sales for 18 SPRING LANE 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 18 SPRING LANE 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
2009 20 MAR	£152,000	£199,992	24% below HPI
2007 10 AUG	£130,000	£224,225	42% below HPI

18 SPRING LANE 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 18 SPRING LANE sales from August 2007 and March 2009 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 August 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2009 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 18 SPRING LANE?

18 SPRING LANE is 70m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 18 SPRING LANE lies on this distribution: 20% of detached houses are smaller than 18 SPRING LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Balderton.

18 SPRING LANE: Plot and Title Map

18 SPRING LANE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 18 SPRING LANE, 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 18 SPRING LANE). 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 18 SPRING LANE?

18 SPRING LANE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 18 on SPRING LANE.