27, CRAFTS WAY, SOUTHWELL, NG25 0BL - £370,000

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.

27 CRAFTS WAY is a large extended detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £473,443. It was last sold for £370,000 in November 2017, which was around 35% above the average November 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

27 CRAFTS WAY Sold Prices

Land registry data shows three sales for 27 CRAFTS WAY 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 27 CRAFTS WAY 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
2017 15 NOV	£370,000	£275,086	35% above HPI
2005 15 JUN	£246,000	£210,433	17% above HPI
2003 23 MAY	£190,000	£161,391	18% above HPI

27 CRAFTS WAY 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 27 CRAFTS WAY sales between May 2003 and November 2017 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 2005 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2017 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 27 CRAFTS WAY be worth now?

27 CRAFTS WAY might now be worth an estimated £473,443.

This is based on house price inflation of 28%, between November 2017 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 28% inflationary increase is applied to the most recent sale price for 27 CRAFTS WAY of £370,000 on 15th November 2017. For the value to have increased from £370,000 to £473,443 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 27 CRAFTS WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2017 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 27 CRAFTS WAY has not materially changed since November 2017.

How Large is 27 CRAFTS WAY?

27 CRAFTS WAY is 145m², which includes four extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 30% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 27 CRAFTS WAY lies on this distribution: 73% of detached houses houses are smaller than 27 CRAFTS WAY, and 26% of houses are larger. Note that EPC data is not available for all properties in Southwell.

27 CRAFTS WAY: Plot and Title Map

27 CRAFTS WAY sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 27 CRAFTS WAY, 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 27 CRAFTS WAY). 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 27 CRAFTS WAY?

27 CRAFTS WAY is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 27 on CRAFTS WAY.