2A, WETSYKE LANE, BALDERTON, NEWARK, NG24 3NY - £325,000

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.

2A WETSYKE LANE is a very large extended detached house of 195m², built sometime between 1983 and 1990, which could now be worth an estimated £419,391. It was last sold for £325,000 in March 2020, which was around 18% above 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 C.

2A WETSYKE LANE Sold Prices

Land registry data shows three sales for 2A WETSYKE LANE 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. The three 2A WETSYKE LANE sales were a mix of above the average price, and roughly equal to 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 23 MAR	£325,000	£275,177	18% above HPI
2014 14 FEB	£217,000	£217,671	Close to HPI
2001 20 NOV	£154,000	£115,392	33% above HPI

2A WETSYKE 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 three 2A WETSYKE LANE sales between November 2001 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 February 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2A WETSYKE LANE be worth now?

2A WETSYKE LANE might now be worth an estimated £419,391.

This is based on house price inflation of 29%, between March 2020 and March 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 29% inflationary increase is applied to the most recent sale price for 2A WETSYKE LANE of £325,000 on 23rd March 2020. For the value to have increased from £325,000 to £419,391 over the five years to March 2025, the following assumptions must hold true:

• The value of 2A WETSYKE LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2A WETSYKE LANE has not materially changed since March 2020.

How Large is 2A WETSYKE LANE?

2A WETSYKE LANE is 195m², which includes three extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 2A WETSYKE LANE lies on this distribution: 94% of detached houses houses are smaller than 2A WETSYKE LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Balderton.

2A WETSYKE LANE: Plot and Title Map

2A WETSYKE LANE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 2A WETSYKE 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 2A WETSYKE 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 2A WETSYKE LANE?

2A WETSYKE LANE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 2A on WETSYKE LANE.