41, WESTGATE, SOUTHWELL, NG25 0JN - £225,000

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

41 WESTGATE is a very small detached house of 57m², built sometime before 1900. It was last sold for £225,000 in December 2023, which was around 32% below the average December 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

41 WESTGATE Sold Prices

Land registry data shows three sales for 41 WESTGATE 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 41 WESTGATE 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
2023 8 DEC	£225,000	£332,227	32% below HPI
2013 1 NOV	£150,000	£203,347	26% below HPI
2001 7 SEP	£84,750	£110,705	23% below HPI

41 WESTGATE 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 41 WESTGATE sales between September 2001 and December 2023 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 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 41 WESTGATE?

41 WESTGATE is 57m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 41 WESTGATE lies on this distribution: 2% of detached houses are smaller than 41 WESTGATE, and 98% of houses are larger. Note that EPC data is not available for all properties in Southwell.

41 WESTGATE: Plot and Title Map

41 WESTGATE sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 41 WESTGATE, 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 41 WESTGATE). 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 41 WESTGATE?

41 WESTGATE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 41 on WESTGATE.