31, THE PARK, NORTH MUSKHAM, NEWARK, NG23 6EW - £295,000

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

31 THE PARK is a small extended detached house of 106m², built sometime between 1976 and 1982. It was last sold for £295,000 in October 2022, which was around 12% below the average October 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

31 THE PARK Sold Prices

Land registry data shows two sales for 31 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 31 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
2022 6 OCT	£295,000	£334,226	12% below HPI
2003 21 MAR	£122,500	£150,729	19% below HPI

31 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 31 THE PARK sales from March 2003 and October 2022 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 March 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 31 THE PARK?

31 THE PARK is 106m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% 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 31 THE PARK lies on this distribution: 27% of detached houses are smaller than 31 THE PARK, and 72% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

31 THE PARK: Plot and Title Map

31 THE PARK sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 31 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 31 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 31 THE PARK?

31 THE PARK is located in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of No. 31 on THE PARK.