18A, SPRING LANE, BALDERTON, NEWARK, NG24 3NZ - £138,000

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.

18A SPRING LANE is a very small semi-detached house of 68m², built sometime from 2007 onwards, which could now be worth an estimated £242,343. It was last sold for £138,000 in February 2013, which was around 18% above the average February 2013 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was B.

18A SPRING LANE Sold Prices

Land registry data shows two sales for 18A SPRING LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 18A SPRING 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
2013 4 FEB	£138,000	£117,163	18% above HPI
2008 31 OCT	£155,000	£123,227	26% above HPI

18A SPRING LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 18A SPRING LANE sales from October 2008 and February 2013 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 2008 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the February 2013 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 18A SPRING LANE be worth now?

18A SPRING LANE might now be worth an estimated £242,343.

This is based on house price inflation of 75.6%, between February 2013 and February 2025, for semi-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 75.6% inflationary increase is applied to the most recent sale price for 18A SPRING LANE of £138,000 on 4th February 2013. For the value to have increased from £138,000 to £242,343 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 18A SPRING LANE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The February 2013 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 18A SPRING LANE has not materially changed since February 2013.

How Large is 18A SPRING LANE?

18A SPRING LANE is 68m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of semi-detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Balderton, and where 18A SPRING LANE lies on this distribution: 17% of semi-detached houses houses are smaller than 18A SPRING LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Balderton.

18A SPRING LANE: Plot and Title Map

18A SPRING LANE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 18A 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 18A 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 18A SPRING LANE?

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