21, THE GRANGE, NORTH MUSKHAM, NEWARK, NG23 6EN - £175,000

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

21 THE GRANGE is a very small detached house of 88m², built sometime between 1976 and 1982. It was last sold for £175,000 in July 2016, which was around 28% below the average July 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

21 THE GRANGE Sold Prices

Land registry data shows four sales for 21 THE GRANGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 21 THE GRANGE sales 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
2016 7 JUL	£175,000	£241,957	28% below HPI
2007 23 MAR	£150,000	£214,057	30% below HPI
2004 25 JUN	£127,500	£188,564	32% below HPI
1997 11 JUL	£49,500	£79,172	37% below HPI

21 THE GRANGE 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 four 21 THE GRANGE sales between July 1997 and July 2016 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 March 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 21 THE GRANGE?

21 THE GRANGE is 88m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where 21 THE GRANGE lies on this distribution: 12% of detached houses are smaller than 21 THE GRANGE, and 87% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

21 THE GRANGE: Plot and Title Map

21 THE GRANGE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 21 THE GRANGE, 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 21 THE GRANGE). 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 21 THE GRANGE?

21 THE GRANGE is located in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of No. 21 on THE GRANGE.