4, WAKELING CLOSE, SOUTHWELL, NG25 0JF - £365,000

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 WAKELING CLOSE is a very small detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £510,072. It was last sold for £365,000 in July 2016, which was around 45% above the average July 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

4 WAKELING CLOSE Sold Prices

Land registry data shows two sales for 4 WAKELING CLOSE 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 4 WAKELING CLOSE sales were for above 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
2016 28 JUL	£365,000	£251,881	45% above HPI
2002 21 JUN	£285,000	£129,733	120% above HPI

4 WAKELING 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 two 4 WAKELING CLOSE sales from June 2002 and July 2016 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 June 2002 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the July 2016 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 4 WAKELING CLOSE be worth now?

4 WAKELING CLOSE might now be worth an estimated £510,072.

This is based on house price inflation of 39.7%, between July 2016 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 39.7% inflationary increase is applied to the most recent sale price for 4 WAKELING CLOSE of £365,000 on 28th July 2016. For the value to have increased from £365,000 to £510,072 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 4 WAKELING CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2016 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WAKELING CLOSE has not materially changed since July 2016.

How Large is 4 WAKELING CLOSE?

4 WAKELING CLOSE is 88m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% 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 WAKELING CLOSE lies on this distribution: 19% of detached houses houses are smaller than 4 WAKELING CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Southwell.

4 WAKELING CLOSE: Plot and Title Map

4 WAKELING CLOSE sits on a plot of roughly 0.230 of an acre, or 931m². The below map shows the location of 4 WAKELING 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 WAKELING 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 WAKELING CLOSE?

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