3, CHIMES MEADOW, SOUTHWELL, NG25 0GB - £343,000

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.

3 CHIMES MEADOW is a large detached house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £480,193. It was last sold for £343,000 in May 2016, which was around 36% above the average May 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was C.

3 CHIMES MEADOW Sold Prices

Land registry data shows three sales for 3 CHIMES MEADOW 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 3 CHIMES MEADOW 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
2016 12 MAY	£343,000	£251,427	36% above HPI
1998 12 OCT	£145,000	£91,027	59% above HPI
1996 24 SEP	£135,000	£79,987	69% above HPI

3 CHIMES MEADOW 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 3 CHIMES MEADOW sales between September 1996 and May 2016 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 October 1998 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the May 2016 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 3 CHIMES MEADOW be worth now?

3 CHIMES MEADOW might now be worth an estimated £480,193.

This is based on house price inflation of 40%, between May 2016 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 40% inflationary increase is applied to the most recent sale price for 3 CHIMES MEADOW of £343,000 on 12th May 2016. For the value to have increased from £343,000 to £480,193 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 3 CHIMES MEADOW has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2016 sale price of £343,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHIMES MEADOW has not materially changed since May 2016.

How Large is 3 CHIMES MEADOW?

3 CHIMES MEADOW is 150m² according to the EPC inspection conducted in December 2015. 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 3 CHIMES MEADOW lies on this distribution: 77% of detached houses houses are smaller than 3 CHIMES MEADOW, and 23% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 CHIMES MEADOW: Plot and Title Map

3 CHIMES MEADOW sits on a plot of roughly 0.172 of an acre, or 697m². The below map shows the location of 3 CHIMES MEADOW, 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 3 CHIMES MEADOW). 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 3 CHIMES MEADOW?

3 CHIMES MEADOW is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 3 on CHIMES MEADOW.