2, THE OAKS, BALDERTON, NEWARK, NG24 3RX - £247,500

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 THE OAKS is a large extended detached house of 120m², built sometime between 2003 and 2006, which could now be worth an estimated £408,760. It was last sold for £247,500 in August 2012, which was around 14% above the average August 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

2 THE OAKS Sold Prices

Land registry data shows three sales for 2 THE OAKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Two of the three 2 THE OAKS sales were for above the average price, whilst one was 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
2012 10 AUG	£247,500	£217,388	14% above HPI
2004 30 JUL	£290,000	£196,580	48% above HPI
2004 16 APR	£75,000	£189,370	60% below HPI

2 THE OAKS 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 three 2 THE OAKS sales between April 2004 and August 2012 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 2004 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the August 2012 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 2 THE OAKS be worth now?

2 THE OAKS might now be worth an estimated £408,760.

This is based on house price inflation of 65.2%, between August 2012 and December 2024, 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 65.2% inflationary increase is applied to the most recent sale price for 2 THE OAKS of £247,500 on 10th August 2012. For the value to have increased from £247,500 to £408,760 over the eleven years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 THE OAKS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2012 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OAKS has not materially changed since August 2012.

How Large is 2 THE OAKS?

2 THE OAKS is 120m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 2 THE OAKS lies on this distribution: 76% of detached houses houses are smaller than 2 THE OAKS, and 24% of houses are larger. Note that EPC data is not available for all properties in Balderton.

2 THE OAKS: Plot and Title Map

2 THE OAKS sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of 2 THE OAKS, 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 THE OAKS). 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 THE OAKS?

2 THE OAKS is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 2 on THE OAKS.