2, MERRYWEATHER CLOSE, SOUTHWELL, NG25 0BN - £250,000

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 MERRYWEATHER CLOSE is a small extended detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £397,005. It was last sold for £250,000 in February 2007, which was around 13% above the average February 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was B.

2 MERRYWEATHER CLOSE Sold Prices

Land registry data shows two sales for 2 MERRYWEATHER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 2 MERRYWEATHER 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
2007 2 FEB	£250,000	£221,655	13% above HPI
1998 21 AUG	£105,000	£87,592	20% above HPI

2 MERRYWEATHER 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 two 2 MERRYWEATHER CLOSE sales from August 1998 and February 2007 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 1998 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2007 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 MERRYWEATHER CLOSE be worth now?

2 MERRYWEATHER CLOSE might now be worth an estimated £397,005.

This is based on house price inflation of 58.8%, between February 2007 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 58.8% inflationary increase is applied to the most recent sale price for 2 MERRYWEATHER CLOSE of £250,000 on 2nd February 2007. For the value to have increased from £250,000 to £397,005 over the eighteen years to February 2025, the following assumptions must hold true:

• The value of 2 MERRYWEATHER CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2007 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERRYWEATHER CLOSE has not materially changed since February 2007.

How Large is 2 MERRYWEATHER CLOSE?

2 MERRYWEATHER CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 40% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 2 MERRYWEATHER CLOSE lies on this distribution: 38% of detached houses houses are smaller than 2 MERRYWEATHER CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Southwell.

2 MERRYWEATHER CLOSE: Plot and Title Map

2 MERRYWEATHER CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 2 MERRYWEATHER 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 MERRYWEATHER 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 MERRYWEATHER CLOSE?

2 MERRYWEATHER CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 2 on MERRYWEATHER CLOSE.