2, VICARAGE LANE, LONG BENNINGTON, NEWARK, NG23 5DN - £485,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 VICARAGE LANE is a large detached house of 213m², which could now be worth an estimated £853,405. It was last sold for £485,000 in October 2009, which was around 134% above the average October 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was B.

2 VICARAGE LANE Sold Prices

Land registry data shows two sales for 2 VICARAGE 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 South Kesteven local authority area for the corresponding sale date. Both of the two 2 VICARAGE 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
2009 23 OCT	£485,000	£207,240	134% above HPI
2007 12 JUL	£350,000	£235,555	49% above HPI

2 VICARAGE LANE 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 two 2 VICARAGE LANE sales from July 2007 and October 2009 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 2007 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2009 sale, where it rises to 134% above the HPI. The line then continues to track at 134% above the HPI.

What might 2 VICARAGE LANE be worth now?

2 VICARAGE LANE might now be worth an estimated £853,405.

This is based on house price inflation of 76%, between October 2009 and February 2025, 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 76% inflationary increase is applied to the most recent sale price for 2 VICARAGE LANE of £485,000 on 23rd October 2009. For the value to have increased from £485,000 to £853,405 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 VICARAGE LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2009 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 2 VICARAGE LANE has not materially changed since October 2009.

How Large is 2 VICARAGE LANE?

2 VICARAGE LANE is 213m² according to the EPC inspection conducted in September 2011. This puts it in the largest 30% 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 VICARAGE LANE lies on this distribution: 79% of detached houses houses are smaller than 2 VICARAGE LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

2 VICARAGE LANE: Plot and Title Map

2 VICARAGE LANE sits on a plot of roughly 0.257 of an acre, or 1,041m². The below map shows the location of 2 VICARAGE 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 VICARAGE 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 VICARAGE LANE?

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