4, CREW LANE CLOSE, SOUTHWELL, NG25 0JA - £190,000

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.

4 CREW LANE CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £326,062. It was last sold for £190,000 in February 2011, which was around 7% below the average February 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

4 CREW LANE CLOSE Sold Prices

Land registry data shows four sales for 4 CREW LANE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 4 CREW LANE CLOSE 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
2011 18 FEB	£190,000	£205,110	7% below HPI
2007 5 JUL	£210,000	£231,276	9% below HPI
1998 14 AUG	£70,000	£87,592	20% below HPI
1997 3 JAN	£60,000	£74,201	19% below HPI

4 CREW LANE CLOSE 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 four 4 CREW LANE CLOSE sales between January 1997 and February 2011 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 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2011 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 4 CREW LANE CLOSE be worth now?

4 CREW LANE CLOSE might now be worth an estimated £326,062.

This is based on house price inflation of 71.6%, between February 2011 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 71.6% inflationary increase is applied to the most recent sale price for 4 CREW LANE CLOSE of £190,000 on 18th February 2011. For the value to have increased from £190,000 to £326,062 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 4 CREW LANE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2011 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CREW LANE CLOSE has not materially changed since February 2011.

How Large is 4 CREW LANE CLOSE?

4 CREW LANE CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% 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 4 CREW LANE CLOSE lies on this distribution: 30% of detached houses houses are smaller than 4 CREW LANE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Southwell.

4 CREW LANE CLOSE: Plot and Title Map

4 CREW LANE CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 4 CREW LANE CLOSE, 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 4 CREW LANE CLOSE). 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 4 CREW LANE CLOSE?

4 CREW LANE CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 4 on CREW LANE CLOSE.