3, FORESTRY HOUSES, WALESBY, NEWARK, NG22 9PD - £400,000

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 FORESTRY HOUSES is a very large extended detached house of 217m², built sometime between 1930 and 1949, which could now be worth an estimated £493,056. It was last sold for £400,000 in October 2018, which was around 39% above the average October 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

3 FORESTRY HOUSES Sold Prices

Land registry data shows two sales for 3 FORESTRY HOUSES 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. One of the two 3 FORESTRY HOUSES sales was for above the average price, whilst the other was 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
2018 19 OCT	£400,000	£288,079	39% above HPI
1996 6 DEC	£58,900	£75,287	22% below HPI

3 FORESTRY HOUSES 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 3 FORESTRY HOUSES sales from December 1996 and October 2018 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 December 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2018 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 3 FORESTRY HOUSES be worth now?

3 FORESTRY HOUSES might now be worth an estimated £493,056.

This is based on house price inflation of 23.3%, between October 2018 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 23.3% inflationary increase is applied to the most recent sale price for 3 FORESTRY HOUSES of £400,000 on 19th October 2018. For the value to have increased from £400,000 to £493,056 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 3 FORESTRY HOUSES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2018 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FORESTRY HOUSES has not materially changed since October 2018.

How Large is 3 FORESTRY HOUSES?

3 FORESTRY HOUSES is 217m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 10% of detached houses houses in Walesby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walesby, and where 3 FORESTRY HOUSES lies on this distribution: 93% of detached houses houses are smaller than 3 FORESTRY HOUSES, and 7% of houses are larger. Note that EPC data is not available for all properties in Walesby.

3 FORESTRY HOUSES: Plot and Title Map

3 FORESTRY HOUSES sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of 3 FORESTRY HOUSES, 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 FORESTRY HOUSES). 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 FORESTRY HOUSES?

3 FORESTRY HOUSES is located in WALESBY, in the NG22 postcode district. The below map shows the position of No. 3 on FORESTRY HOUSES.