3, MEADOW CLOSE, NORTH MUSKHAM, NEWARK, NG23 6HY - £260,000

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

3 MEADOW CLOSE is a large extended detached house of 142m², built sometime between 1967 and 1975. It was last sold for £260,000 in July 2016, which was around 3% above the average July 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

3 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 3 MEADOW CLOSE 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 3 MEADOW CLOSE 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 4 JUL	£260,000	£251,881	3% above HPI
1999 30 JUL	£96,000	£89,131	8% above HPI

3 MEADOW CLOSE 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 MEADOW CLOSE sales from July 1999 and July 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 July 1999 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2016 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 MEADOW CLOSE be worth now?

3 MEADOW CLOSE might now be worth an estimated £370,601.

This is based on house price inflation of 42.5%, between July 2016 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 42.5% inflationary increase is applied to the most recent sale price for 3 MEADOW CLOSE of £260,000 on 4th July 2016. For the value to have increased from £260,000 to £370,601 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 3 MEADOW CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MEADOW CLOSE has not materially changed since July 2016.

How Large is 3 MEADOW CLOSE?

3 MEADOW CLOSE is 142m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 40% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where 3 MEADOW CLOSE lies on this distribution: 63% of detached houses houses are smaller than 3 MEADOW CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

3 MEADOW CLOSE: Plot and Title Map

3 MEADOW CLOSE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 3 MEADOW CLOSE, 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 MEADOW CLOSE). 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 MEADOW CLOSE?

3 MEADOW CLOSE is located in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of No. 3 on MEADOW CLOSE.