2, OLIVER ROAD, LONG BENNINGTON, NEWARK, NG23 5EP - £320,000

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 OLIVER ROAD is a small detached house of 111m², built sometime between 1976 and 1982. It was last sold for £320,000 in August 2017, which was around 11% above the average August 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

2 OLIVER ROAD Sold Prices

Land registry data shows three sales for 2 OLIVER ROAD 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. One of the three 2 OLIVER ROAD sales was for above the average price, whilst two 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
2017 3 AUG	£320,000	£288,774	11% above HPI
2016 5 JAN	£170,000	£265,867	36% below HPI
2004 24 MAY	£178,000	£190,354	6% below HPI

2 OLIVER ROAD 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 OLIVER ROAD sales between May 2004 and August 2017 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 January 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2017 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 2 OLIVER ROAD?

2 OLIVER ROAD is 111m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 30% 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 OLIVER ROAD lies on this distribution: 23% of detached houses are smaller than 2 OLIVER ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

2 OLIVER ROAD: Plot and Title Map

2 OLIVER ROAD sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 2 OLIVER ROAD, 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 OLIVER ROAD). 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 OLIVER ROAD?

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