3, THE PADDOCKS, SOUTHWELL, NG25 0NR - £350,000

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 THE PADDOCKS is a midsized extended detached house of 128m², built sometime between 1967 and 1975, which could now be worth an estimated £580,051. It was last sold for £350,000 in December 2009, which was around 65% above the average December 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was D.

3 THE PADDOCKS Sold Prices

Land registry data shows two sales for 3 THE PADDOCKS 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 THE PADDOCKS 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
2009 18 DEC	£350,000	£212,391	65% above HPI
2000 12 MAY	£129,000	£93,650	38% above HPI

3 THE PADDOCKS 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 THE PADDOCKS sales from May 2000 and December 2009 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 May 2000 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the December 2009 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 3 THE PADDOCKS be worth now?

3 THE PADDOCKS might now be worth an estimated £580,051.

This is based on house price inflation of 65.7%, between December 2009 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 65.7% inflationary increase is applied to the most recent sale price for 3 THE PADDOCKS of £350,000 on 18th December 2009. For the value to have increased from £350,000 to £580,051 over the sixteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 THE PADDOCKS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2009 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE PADDOCKS has not materially changed since December 2009.

How Large is 3 THE PADDOCKS?

3 THE PADDOCKS is 128m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the largest 50% 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 THE PADDOCKS lies on this distribution: 59% of detached houses houses are smaller than 3 THE PADDOCKS, and 41% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 THE PADDOCKS: Plot and Title Map

3 THE PADDOCKS sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 3 THE PADDOCKS, 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 PADDOCKS). 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 PADDOCKS?

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