2, NORWOOD GARDENS, SOUTHWELL, NG25 0DS - £255,000

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 NORWOOD GARDENS is a midsized extended detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £297,924. It was last sold for £255,000 in November 2020, which was around 15% below the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

2 NORWOOD GARDENS Sold Prices

Land registry data shows two sales for 2 NORWOOD GARDENS 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 NORWOOD GARDENS sales were for below 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
2020 18 NOV	£255,000	£301,279	15% below HPI
2006 12 JUL	£164,500	£218,221	25% below HPI

2 NORWOOD GARDENS 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 NORWOOD GARDENS sales from July 2006 and November 2020 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 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 NORWOOD GARDENS be worth now?

2 NORWOOD GARDENS might now be worth an estimated £297,924.

This is based on house price inflation of 16.8%, between November 2020 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 NORWOOD GARDENS of £255,000 on 18th November 2020. For the value to have increased from £255,000 to £297,924 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 NORWOOD GARDENS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2020 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORWOOD GARDENS has not materially changed since November 2020.

How Large is 2 NORWOOD GARDENS?

2 NORWOOD GARDENS is 117m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% 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 NORWOOD GARDENS lies on this distribution: 47% of detached houses houses are smaller than 2 NORWOOD GARDENS, and 52% of houses are larger. Note that EPC data is not available for all properties in Southwell.

2 NORWOOD GARDENS: Plot and Title Map

2 NORWOOD GARDENS sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 2 NORWOOD GARDENS, 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 NORWOOD GARDENS). 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 NORWOOD GARDENS?

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