38, MEAD WAY, BALDERTON, NEWARK, NG24 3GA - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 MEAD WAY is a large extended detached house of 113m², built sometime between 1996 and 2002. It was last sold for £290,000 in December 2022, which was around 17% below the average December 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

38 MEAD WAY Sold Prices

Land registry data shows two sales for 38 MEAD WAY 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 38 MEAD WAY 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 17 DEC	£290,000	£348,555	17% below HPI
2000 27 OCT	£95,950	£104,651	8% below HPI

38 MEAD WAY 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 38 MEAD WAY sales from October 2000 and December 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 October 2000 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 38 MEAD WAY be worth now?

38 MEAD WAY might now be worth an estimated £298,714.

This is based on house price inflation of 3%, between December 2022 and December 2024, 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 3% inflationary increase is applied to the most recent sale price for 38 MEAD WAY of £290,000 on 17th December 2022. For the value to have increased from £290,000 to £298,714 over the two years to December 2024, the following assumptions must hold true:

• The value of 38 MEAD WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MEAD WAY has not materially changed since December 2022.

How Large is 38 MEAD WAY?

38 MEAD WAY is 113m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 30% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 38 MEAD WAY lies on this distribution: 71% of detached houses houses are smaller than 38 MEAD WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Balderton.

38 MEAD WAY: Plot and Title Map

38 MEAD WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 38 MEAD WAY, 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 38 MEAD WAY). 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 38 MEAD WAY?

38 MEAD WAY is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 38 on MEAD WAY.