2, THE PEACOCKS, LONG BENNINGTON, NEWARK, NG23 5FB - £425,000

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 PEACOCKS is a very large detached house of 230m², built sometime between 1991 and 1995, which could now be worth an estimated £576,317. It was last sold for £425,000 in May 2017, which was around 56% above the average May 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

2 THE PEACOCKS Sold Prices

Land registry data shows three sales for 2 THE PEACOCKS 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. All of the three 2 THE PEACOCKS 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
2017 12 MAY	£425,000	£271,626	56% above HPI
2002 20 SEP	£262,500	£148,872	76% above HPI
1995 6 MAR	£146,000	£68,514	113% above HPI

2 THE PEACOCKS 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 THE PEACOCKS sales between March 1995 and May 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 September 2002 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the May 2017 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 2 THE PEACOCKS be worth now?

2 THE PEACOCKS might now be worth an estimated £576,317.

This is based on house price inflation of 35.6%, between May 2017 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.6% inflationary increase is applied to the most recent sale price for 2 THE PEACOCKS of £425,000 on 12th May 2017. For the value to have increased from £425,000 to £576,317 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of 2 THE PEACOCKS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2017 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PEACOCKS has not materially changed since May 2017.

How Large is 2 THE PEACOCKS?

2 THE PEACOCKS is 230m² according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Bennington, and where 2 THE PEACOCKS lies on this distribution: 90% of detached houses houses are smaller than 2 THE PEACOCKS, and 10% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

2 THE PEACOCKS: Plot and Title Map

2 THE PEACOCKS sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of 2 THE PEACOCKS, 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 PEACOCKS). 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 PEACOCKS?

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