2, HOPWAS CLOSE, AVERHAM, NEWARK, NG23 5UA - £407,000

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 HOPWAS CLOSE is a midsized extended detached house of 138m², built sometime between 1996 and 2002. It was last sold for £407,000 in June 2021, which was around 39% above the average June 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 HOPWAS CLOSE Sold Prices

Land registry data shows three sales for 2 HOPWAS 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 HOPWAS 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 4 JUN	£407,000	£293,503	39% above HPI
2003 7 AUG	£245,000	£169,610	44% above HPI
2001 14 DEC	£176,950	£112,999	57% above HPI

2 HOPWAS 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 HOPWAS CLOSE sales between December 2001 and June 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 2003 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the June 2021 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 2 HOPWAS CLOSE?

2 HOPWAS CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where 2 HOPWAS CLOSE lies on this distribution: 49% of detached houses are smaller than 2 HOPWAS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Averham.

2 HOPWAS CLOSE: Plot and Title Map

2 HOPWAS CLOSE sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of 2 HOPWAS 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 HOPWAS 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 HOPWAS CLOSE?

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