2, CHAPEL LANE, CLAYPOLE, NEWARK, NG23 5BB - £130,000

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.

2 CHAPEL LANE is a very small extended semi-detached house of 60m², built sometime between 1900 and 1929, which could now be worth an estimated £206,384. It was last sold for £130,000 in March 2015, which was around 13% below the average March 2015 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 CHAPEL LANE Sold Prices

Land registry data shows three sales for 2 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 2 CHAPEL 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
2015 19 MAR	£130,000	£148,817	13% below HPI
2013 8 NOV	£100,000	£143,180	30% below HPI
2002 22 MAR	£68,000	£76,211	11% below HPI

2 CHAPEL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 2 CHAPEL LANE sales between March 2002 and March 2015 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 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2015 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 CHAPEL LANE be worth now?

2 CHAPEL LANE might now be worth an estimated £206,384.

This is based on house price inflation of 58.8%, between March 2015 and February 2025, for semi-detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.8% inflationary increase is applied to the most recent sale price for 2 CHAPEL LANE of £130,000 on 19th March 2015. For the value to have increased from £130,000 to £206,384 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 2 CHAPEL LANE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The March 2015 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHAPEL LANE has not materially changed since March 2015.

How Large is 2 CHAPEL LANE?

2 CHAPEL LANE is 60m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of semi-detached houses houses in Claypole, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Claypole, and where 2 CHAPEL LANE lies on this distribution: 2% of semi-detached houses houses are smaller than 2 CHAPEL LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Claypole.

2 CHAPEL LANE: Plot and Title Map

2 CHAPEL LANE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 2 CHAPEL 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 2 CHAPEL 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 2 CHAPEL LANE?

2 CHAPEL LANE is located in CLAYPOLE, in the NG23 postcode district. The below map shows the position of No. 2 on CHAPEL LANE.