32, TOR LANE, OLLERTON, NEWARK, NG22 9BT - £118,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

32 TOR LANE is a very small extended detached house of 75m², built sometime between 1950 and 1966. It was last sold for £118,000 in April 2012, which was around 41% below the average April 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

32 TOR LANE Sold Prices

Land registry data shows two sales for 32 TOR LANE 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 32 TOR LANE 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
2012 12 APR	£118,000	£198,807	41% below HPI
2003 7 JAN	£119,999	£153,617	22% below HPI

32 TOR LANE 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 32 TOR LANE sales from January 2003 and April 2012 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 January 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2012 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 32 TOR LANE?

32 TOR LANE is 75m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where 32 TOR LANE lies on this distribution: 11% of detached houses are smaller than 32 TOR LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

32 TOR LANE: Plot and Title Map

32 TOR LANE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 32 TOR LANE, 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 32 TOR LANE). 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 32 TOR LANE?

32 TOR LANE is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 32 on TOR LANE.