18, SYKES LANE, BALDERTON, NEWARK, NG24 3LT - £480,000

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 SYKES LANE is a very large extended detached house of 212m², built sometime between 2003 and 2006. It was last sold for £480,000 in April 2023, which was around 45% above the average April 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was C.

18 SYKES LANE Sold Prices

Land registry data shows four sales for 18 SYKES LANE 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. All of the four 18 SYKES LANE 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
2023 24 APR	£480,000	£331,752	45% above HPI
2016 9 NOV	£375,000	£250,047	50% above HPI
2003 31 OCT	£294,000	£169,431	74% above HPI
2001 8 NOV	£120,000	£110,845	8% above HPI

18 SYKES 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 four 18 SYKES LANE sales between November 2001 and April 2023 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 November 2016 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the April 2023 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is 18 SYKES LANE?

18 SYKES LANE is 212m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 10% 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 SYKES LANE lies on this distribution: 95% of detached houses are smaller than 18 SYKES LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Balderton.

18 SYKES LANE: Plot and Title Map

18 SYKES LANE sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of 18 SYKES 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 SYKES 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 SYKES LANE?

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