3, THE PARK, NORTH MUSKHAM, NEWARK, NG23 6EW - £215,000

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 PARK is a midsized extended detached house of 123m², built sometime between 1983 and 1990. It was last sold for £215,000 in November 2019, which was around 21% below the average November 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

3 THE PARK Sold Prices

Land registry data shows two sales for 3 THE PARK 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 PARK 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
2019 22 NOV	£215,000	£273,519	21% below HPI
1997 7 JUL	£62,000	£79,172	22% below HPI

3 THE PARK 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 PARK sales from July 1997 and November 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 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2019 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 3 THE PARK?

3 THE PARK is 123m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where 3 THE PARK lies on this distribution: 43% of detached houses are smaller than 3 THE PARK, and 55% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

3 THE PARK: Plot and Title Map

3 THE PARK sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 3 THE PARK, 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 PARK). 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 PARK?

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