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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 EDGE CLOSE is a very large detached house of 181m², built sometime between 1967 and 1975. It was last sold for £425,000 in March 2021, which was around 47% 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	£289,565	47% above HPI
2008 15 JUL	£300,500	£217,252	38% above HPI
2000 29 SEP	£183,500	£102,782	79% 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 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the March 2021 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

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 in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where 2 EDGE CLOSE lies on this distribution: 84% of detached houses are smaller than 2 EDGE CLOSE, and 16% 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.