4, THE OLD NURSERIES, NORWELL, NEWARK, NG23 6NA - £230,000

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

4 THE OLD NURSERIES is a small semi-detached house of 123m², built sometime from 2007 onwards. It was last sold for £230,000 in July 2017, which was around 8% below the average July 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

4 THE OLD NURSERIES Sold Prices

Land registry data shows three sales for 4 THE OLD NURSERIES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 4 THE OLD NURSERIES 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
2017 25 JUL	£230,000	£249,927	8% below HPI
2014 7 NOV	£206,000	£221,173	7% below HPI
2008 3 APR	£190,000	£214,234	11% below HPI

4 THE OLD NURSERIES 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 three 4 THE OLD NURSERIES sales between April 2008 and July 2017 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 November 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 4 THE OLD NURSERIES?

4 THE OLD NURSERIES is 123m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of detached houses in Norwell, based on EPC data. The below chart shows the distribution of detached houses by size in Norwell, and where 4 THE OLD NURSERIES lies on this distribution: 30% of detached houses are smaller than 4 THE OLD NURSERIES, and 70% of houses are larger. Note that EPC data is not available for all properties in Norwell.

4 THE OLD NURSERIES: Plot and Title Map

4 THE OLD NURSERIES sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 4 THE OLD NURSERIES, 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 THE OLD NURSERIES). 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 THE OLD NURSERIES?

4 THE OLD NURSERIES is located in NORWELL, in the NG23 postcode district. The below map shows the position of No. 4 on THE OLD NURSERIES.