40, MEAD WAY, BALDERTON, NEWARK, NG24 3GA - £218,000

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

40 MEAD WAY is a large detached house of 113m², built sometime between 1996 and 2002. It was last sold for £218,000 in June 2021, which was around 26% below the average June 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

40 MEAD WAY Sold Prices

Land registry data shows two sales for 40 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 40 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
2021 22 JUN	£218,000	£293,503	26% below HPI
2000 25 AUG	£82,950	£98,569	16% below HPI

40 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 40 MEAD WAY sales from August 2000 and June 2021 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 August 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 40 MEAD WAY?

40 MEAD WAY is 113m² according to the EPC inspection conducted in September 2023. This puts it in the largest 30% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 40 MEAD WAY lies on this distribution: 71% of detached houses are smaller than 40 MEAD WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Balderton.

40 MEAD WAY: Plot and Title Map

40 MEAD WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 40 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 40 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 40 MEAD WAY?

40 MEAD WAY is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 40 on MEAD WAY.