2, OAK TREE MEWS, BILSTHORPE, NEWARK, NG22 8WQ - £278,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 OAK TREE MEWS is a very small extended detached house of 71m², built sometime between 1930 and 1949, which could now be worth an estimated £282,961. It was last sold for £278,500 in August 2023, which was around 20% below the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

2 OAK TREE MEWS Sold Prices

Land registry data shows two sales for 2 OAK TREE MEWS 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 OAK TREE MEWS 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
2023 3 AUG	£278,500	£346,444	20% below HPI
2018 2 MAR	£210,000	£275,473	24% below HPI

2 OAK TREE MEWS 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 OAK TREE MEWS sales from March 2018 and August 2023 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 March 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2023 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 OAK TREE MEWS be worth now?

2 OAK TREE MEWS might now be worth an estimated £282,961.

This is based on house price inflation of 1.6%, between August 2023 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 1.6% inflationary increase is applied to the most recent sale price for 2 OAK TREE MEWS of £278,500 on 3rd August 2023. For the value to have increased from £278,500 to £282,961 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 2 OAK TREE MEWS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2023 sale price of £278,500 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK TREE MEWS has not materially changed since August 2023.

How Large is 2 OAK TREE MEWS?

2 OAK TREE MEWS is 71m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsthorpe, and where 2 OAK TREE MEWS lies on this distribution: 10% of detached houses houses are smaller than 2 OAK TREE MEWS, and 90% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

2 OAK TREE MEWS: Plot and Title Map

2 OAK TREE MEWS sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 2 OAK TREE MEWS, 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 OAK TREE MEWS). 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 OAK TREE MEWS?

2 OAK TREE MEWS is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 2 on OAK TREE MEWS.