2, CHESTNUT CLOSE, WESTON, NEWARK, NG23 6SW - £390,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

2 CHESTNUT CLOSE is a midsized detached house of 152m², built sometime between 2003 and 2006. It was last sold for £390,000 in January 2021, which was around 33% above the average January 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

2 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 2 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 2 CHESTNUT CLOSE 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
2021 11 JAN	£390,000	£292,485	33% above HPI
2013 27 NOV	£232,000	£203,347	14% above HPI
2005 30 JUN	£220,000	£202,141	9% above HPI

2 CHESTNUT CLOSE 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 three 2 CHESTNUT CLOSE sales between June 2005 and January 2021 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the January 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 2 CHESTNUT CLOSE?

2 CHESTNUT CLOSE is 152m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 50% of detached houses in Weston, based on EPC data. The below chart shows the distribution of detached houses by size in Weston, and where 2 CHESTNUT CLOSE lies on this distribution: 44% of detached houses are smaller than 2 CHESTNUT CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Weston.

2 CHESTNUT CLOSE: Plot and Title Map

2 CHESTNUT CLOSE sits on a plot of roughly 0.504 of an acre, or 2,040m². The below map shows the location of 2 CHESTNUT CLOSE, 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 CHESTNUT CLOSE). 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 CHESTNUT CLOSE?

2 CHESTNUT CLOSE is located in WESTON, in the NG23 postcode district. The below map shows the position of No. 2 on CHESTNUT CLOSE.