28, MEAD WAY, BALDERTON, NEWARK, NG24 3GA - £187,000

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

28 MEAD WAY is a very large extended detached house of 131m², built sometime between 1991 and 1995. It was last sold for £187,000 in May 2007, which was around 15% below the average May 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

28 MEAD WAY Sold Prices

Land registry data shows four sales for 28 MEAD WAY 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 28 MEAD WAY 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
2007 18 MAY	£187,000	£219,182	15% below HPI
2003 15 JUL	£113,950	£164,753	31% below HPI
2002 27 SEP	£105,000	£141,160	26% below HPI
2000 12 MAY	£79,950	£89,960	11% below HPI

28 MEAD 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 four 28 MEAD WAY sales between May 2000 and May 2007 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 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2007 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 28 MEAD WAY?

28 MEAD WAY is 131m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 20% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 28 MEAD WAY lies on this distribution: 81% of detached houses are smaller than 28 MEAD WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Balderton.

28 MEAD WAY: Plot and Title Map

28 MEAD WAY sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 28 MEAD 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 28 MEAD 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 28 MEAD WAY?

28 MEAD WAY is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 28 on MEAD WAY.