247, WELLOW ROAD, OLLERTON, NEWARK, NG22 9AX - £235,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

247 WELLOW ROAD is a midsized extended detached house of 115m², built sometime between 1991 and 1995. It was last sold for £235,000 in March 2020, which was around 11% below the average March 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

247 WELLOW ROAD Sold Prices

Land registry data shows three sales for 247 WELLOW ROAD 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. All of the three 247 WELLOW 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 4 MAR	£235,000	£264,335	11% below HPI
2015 13 JUL	£215,500	£227,298	5% below HPI
2006 7 AUG	£190,000	£212,240	10% below HPI

247 WELLOW 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 three 247 WELLOW ROAD sales between August 2006 and March 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 July 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 247 WELLOW ROAD?

247 WELLOW ROAD is 115m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 40% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where 247 WELLOW ROAD lies on this distribution: 55% of detached houses are smaller than 247 WELLOW ROAD, and 37% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

247 WELLOW ROAD: Plot and Title Map

247 WELLOW ROAD sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 247 WELLOW 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 247 WELLOW 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 247 WELLOW ROAD?

247 WELLOW ROAD is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 247 on WELLOW ROAD.