2, EDGE CLOSE, NORTH MUSKHAM, NEWARK, NG23 6FG - £425,000

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 EDGE CLOSE is a very large detached house of 181m², built sometime between 1967 and 1975, which could now be worth an estimated £496,271. It was last sold for £425,000 in March 2021, which was around 41% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

2 EDGE CLOSE Sold Prices

Land registry data shows three sales for 2 EDGE 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 EDGE 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 5 MAR	£425,000	£301,442	41% above HPI
2008 15 JUL	£300,500	£226,164	33% above HPI
2000 29 SEP	£183,500	£106,998	71% above HPI

2 EDGE 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 EDGE CLOSE sales between September 2000 and March 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 July 2008 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the March 2021 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 2 EDGE CLOSE be worth now?

2 EDGE CLOSE might now be worth an estimated £496,271.

This is based on house price inflation of 16.8%, between March 2021 and February 2025, for 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 16.8% inflationary increase is applied to the most recent sale price for 2 EDGE CLOSE of £425,000 on 5th March 2021. For the value to have increased from £425,000 to £496,271 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 2 EDGE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 EDGE CLOSE has not materially changed since March 2021.

How Large is 2 EDGE CLOSE?

2 EDGE CLOSE is 181m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where 2 EDGE CLOSE lies on this distribution: 83% of detached houses houses are smaller than 2 EDGE CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

2 EDGE CLOSE: Plot and Title Map

2 EDGE CLOSE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 2 EDGE 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 EDGE 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 EDGE CLOSE?

2 EDGE CLOSE is located in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of No. 2 on EDGE CLOSE.