3, HOBSONS ACRE, GUNTHORPE, NOTTINGHAM, NG14 7FF - £320,000

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

3 HOBSONS ACRE is a very small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £320,000 in May 2022, which was around 2% above the average May 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

3 HOBSONS ACRE Sold Prices

Land registry data shows three sales for 3 HOBSONS ACRE 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. Two of the three 3 HOBSONS ACRE sales were for above the average price, whilst one 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
2022 26 MAY	£320,000	£312,640	2% above HPI
2017 2 AUG	£215,000	£253,758	15% below HPI
2002 22 MAR	£134,500	£108,754	24% above HPI

3 HOBSONS ACRE 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 HOBSONS ACRE sales between March 2002 and May 2022 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 August 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 3 HOBSONS ACRE?

3 HOBSONS ACRE is 90m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Gunthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Gunthorpe, and where 3 HOBSONS ACRE lies on this distribution: 11% of detached houses are smaller than 3 HOBSONS ACRE, and 89% of houses are larger. Note that EPC data is not available for all properties in Gunthorpe.

3 HOBSONS ACRE: Plot and Title Map

3 HOBSONS ACRE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 3 HOBSONS ACRE, 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 HOBSONS ACRE). 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 HOBSONS ACRE?

3 HOBSONS ACRE is located in GUNTHORPE, in the NG14 postcode district. The below map shows the position of No. 3 on HOBSONS ACRE.