25, SPRING LANE, BALDERTON, NEWARK, NG24 3NZ - £133,000

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

25 SPRING LANE is a small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £133,000 in August 2014, which was around 41% below the average August 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

25 SPRING LANE Sold Prices

Land registry data shows four sales for 25 SPRING LANE 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 25 SPRING LANE 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
2014 21 AUG	£133,000	£225,122	41% below HPI
2009 25 SEP	£115,000	£200,370	43% below HPI
1999 28 MAY	£58,500	£85,063	31% below HPI
1996 28 OCT	£48,000	£73,907	35% below HPI

25 SPRING LANE 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 25 SPRING LANE sales between October 1996 and August 2014 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 2009 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2014 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 25 SPRING LANE?

25 SPRING LANE is 77m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 30% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 25 SPRING LANE lies on this distribution: 29% of detached houses are smaller than 25 SPRING LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Balderton.

25 SPRING LANE: Plot and Title Map

25 SPRING LANE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 25 SPRING 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 25 SPRING 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 25 SPRING LANE?

25 SPRING LANE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 25 on SPRING LANE.