29, HOPEWELL RISE, SOUTHWELL, NG25 0NX - £540,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

29 HOPEWELL RISE is a large detached house of 143m², which could now be worth an estimated £559,615. It was last sold for £540,000 in August 2023, which was around 56% above the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was A.

29 HOPEWELL RISE Sold Prices

Land registry data shows two sales for 29 HOPEWELL RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 29 HOPEWELL RISE 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
2023 1 AUG	£540,000	£346,444	56% above HPI
2021 29 JAN	£493,000	£304,482	62% above HPI

29 HOPEWELL RISE 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 two 29 HOPEWELL RISE sales from January 2021 and August 2023 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 January 2021 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the August 2023 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 29 HOPEWELL RISE be worth now?

29 HOPEWELL RISE might now be worth an estimated £559,615.

This is based on house price inflation of 3.6%, between August 2023 and December 2024, 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 3.6% inflationary increase is applied to the most recent sale price for 29 HOPEWELL RISE of £540,000 on 1st August 2023. For the value to have increased from £540,000 to £559,615 over the eight months to December 2024, the following assumptions must hold true:

• The value of 29 HOPEWELL RISE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2023 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 29 HOPEWELL RISE has not materially changed since August 2023.

How Large is 29 HOPEWELL RISE?

29 HOPEWELL RISE is 143m² according to the EPC inspection conducted in November 2020. 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 29 HOPEWELL RISE lies on this distribution: 70% of detached houses houses are smaller than 29 HOPEWELL RISE, and 28% of houses are larger. Note that EPC data is not available for all properties in Southwell.

29 HOPEWELL RISE: Plot and Title Map

29 HOPEWELL RISE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 29 HOPEWELL RISE, 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 29 HOPEWELL RISE). 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 29 HOPEWELL RISE?

29 HOPEWELL RISE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 29 on HOPEWELL RISE.