3, MERRYWEATHER CLOSE, SOUTHWELL, NG25 0BN - £415,000

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 MERRYWEATHER CLOSE is a large extended detached house of 147m², built sometime between 1967 and 1975, which could now be worth an estimated £530,414. It was last sold for £415,000 in May 2019, which was around 51% above the average May 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

3 MERRYWEATHER CLOSE Sold Prices

Land registry data shows two sales for 3 MERRYWEATHER 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 MERRYWEATHER 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
2019 2 MAY	£415,000	£275,402	51% above HPI
2014 4 JUL	£249,950	£228,223	10% above HPI

3 MERRYWEATHER 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 MERRYWEATHER CLOSE sales from July 2014 and May 2019 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 2014 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2019 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 3 MERRYWEATHER CLOSE be worth now?

3 MERRYWEATHER CLOSE might now be worth an estimated £530,414.

This is based on house price inflation of 27.8%, between May 2019 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 27.8% inflationary increase is applied to the most recent sale price for 3 MERRYWEATHER CLOSE of £415,000 on 2nd May 2019. For the value to have increased from £415,000 to £530,414 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 3 MERRYWEATHER CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2019 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MERRYWEATHER CLOSE has not materially changed since May 2019.

How Large is 3 MERRYWEATHER CLOSE?

3 MERRYWEATHER CLOSE is 147m², which includes one extension, according to the EPC inspection conducted in March 2019. 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 MERRYWEATHER CLOSE lies on this distribution: 75% of detached houses houses are smaller than 3 MERRYWEATHER CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 MERRYWEATHER CLOSE: Plot and Title Map

3 MERRYWEATHER CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 3 MERRYWEATHER 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 MERRYWEATHER 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 MERRYWEATHER CLOSE?

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