2, ELM CLOSE, LONG BENNINGTON, NEWARK, NG23 5EZ - £405,000

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 ELM CLOSE is a midsized detached house of 144m², built sometime between 1967 and 1975. It was last sold for £405,000 in August 2021, which was around 23% above the average August 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 ELM CLOSE Sold Prices

Land registry data shows three sales for 2 ELM 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 South Kesteven local authority area for the corresponding sale date. All of the three 2 ELM 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 31 AUG	£405,000	£327,986	23% above HPI
2004 6 AUG	£230,000	£207,757	11% above HPI
2002 13 SEP	£201,000	£151,364	33% above HPI

2 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 2 ELM CLOSE sales between September 2002 and August 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 August 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2021 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 144m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of detached houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses by size in Long Bennington, and where 2 ELM CLOSE lies on this distribution: 45% of detached houses are smaller than 2 ELM CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of 2 ELM 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 ELM 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 ELM CLOSE?

2 ELM CLOSE is located in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of No. 2 on ELM CLOSE.