24, ALVEY ROAD, BALDERTON, NEWARK, NG24 3PE - £235,000

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.

24 ALVEY ROAD is a midsized detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £293,001. It was last sold for £235,000 in July 2020, which was around 17% below the average July 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

24 ALVEY ROAD Sold Prices

Land registry data shows four sales for 24 ALVEY ROAD 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 24 ALVEY ROAD 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
2020 13 JUL	£235,000	£282,314	17% below HPI
2016 24 JUN	£139,000	£247,168	44% below HPI
2006 18 DEC	£148,000	£220,573	33% below HPI
2003 10 JAN	£116,000	£159,918	27% below HPI

24 ALVEY ROAD 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 24 ALVEY ROAD sales between January 2003 and July 2020 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 June 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 24 ALVEY ROAD be worth now?

24 ALVEY ROAD might now be worth an estimated £293,001.

This is based on house price inflation of 24.7%, between July 2020 and February 2025, 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 24.7% inflationary increase is applied to the most recent sale price for 24 ALVEY ROAD of £235,000 on 13th July 2020. For the value to have increased from £235,000 to £293,001 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 24 ALVEY ROAD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 24 ALVEY ROAD has not materially changed since July 2020.

How Large is 24 ALVEY ROAD?

24 ALVEY ROAD is 87m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% 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 24 ALVEY ROAD lies on this distribution: 41% of detached houses houses are smaller than 24 ALVEY ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Balderton.

24 ALVEY ROAD: Plot and Title Map

24 ALVEY ROAD sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 24 ALVEY ROAD, 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 24 ALVEY ROAD). 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 24 ALVEY ROAD?

24 ALVEY ROAD is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 24 on ALVEY ROAD.