3, THE GREEN, ELSTON, NEWARK, NG23 5PF - £284,700

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 THE GREEN is a very small extended detached house of 65m², built sometime between 1967 and 1975. It was last sold for £284,700 in November 2023, which was around 15% below the average November 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

3 THE GREEN Sold Prices

Land registry data shows four sales for 3 THE GREEN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 3 THE GREEN sales were 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
2023 17 NOV	£284,700	£334,706	15% below HPI
2017 30 JUN	£188,750	£247,323	24% below HPI
2008 8 FEB	£125,000	£218,503	43% below HPI
1997 11 APR	£55,000	£75,653	27% below HPI

3 THE GREEN 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 four 3 THE GREEN sales between April 1997 and November 2023 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 June 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 THE GREEN?

3 THE GREEN is 65m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where 3 THE GREEN lies on this distribution: 4% of detached houses are smaller than 3 THE GREEN, and 96% of houses are larger. Note that EPC data is not available for all properties in Elston.

3 THE GREEN: Plot and Title Map

3 THE GREEN sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 3 THE GREEN, 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 THE GREEN). 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 THE GREEN?

3 THE GREEN is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 3 on THE GREEN.