2, PARK LANE, RETFORD, DN22 6TY - £185,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 PARK LANE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £185,000 in June 2011, which was around 6% above the average June 2011 detached price in the Bassetlaw local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

2 PARK LANE Sold Prices

Land registry data shows two sales for 2 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two 2 PARK LANE 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
2011 6 JUN	£185,000	£174,827	6% above HPI
2004 17 DEC	£175,000	£173,230	1% above HPI

2 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two 2 PARK LANE sales from December 2004 and June 2011 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 December 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2011 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 2 PARK LANE?

2 PARK LANE is 74m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of detached houses in Retford, based on EPC data. The below chart shows the distribution of detached houses by size in Retford, and where 2 PARK LANE lies on this distribution: 10% of detached houses are smaller than 2 PARK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Retford.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of 2 PARK LANE, 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 PARK LANE). 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 PARK LANE?

2 PARK LANE is located in RETFORD, in the DN22 postcode district. The below map shows the position of No. 2 on PARK LANE.