5, AYRSHIRE WAY, AVERHAM, NEWARK, NG23 5FW - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 AYRSHIRE WAY is a very large detached house of 190m², built sometime between 2007 and 2011, which could now be worth an estimated £400,841. It was last sold for £295,000 in September 2016, which was around 14% above the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was B.

5 AYRSHIRE WAY Sold Prices

Land registry data shows two sales for 5 AYRSHIRE 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 5 AYRSHIRE WAY 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 29 SEP	£295,000	£259,050	14% above HPI
2009 2 MAR	£387,000	£208,196	86% above HPI

5 AYRSHIRE 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 5 AYRSHIRE WAY sales from March 2009 and September 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 March 2009 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the September 2016 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 5 AYRSHIRE WAY be worth now?

5 AYRSHIRE WAY might now be worth an estimated £400,841.

This is based on house price inflation of 35.9%, between September 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 35.9% inflationary increase is applied to the most recent sale price for 5 AYRSHIRE WAY of £295,000 on 29th September 2016. For the value to have increased from £295,000 to £400,841 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 AYRSHIRE WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 AYRSHIRE WAY has not materially changed since September 2016.

How Large is 5 AYRSHIRE WAY?

5 AYRSHIRE WAY is 190m² according to the EPC inspection conducted in April 2022. This puts it in the largest 20% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where 5 AYRSHIRE WAY lies on this distribution: 82% of detached houses houses are smaller than 5 AYRSHIRE WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Averham.

5 AYRSHIRE WAY: Plot and Title Map

5 AYRSHIRE WAY sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 5 AYRSHIRE 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 5 AYRSHIRE 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 5 AYRSHIRE WAY?

5 AYRSHIRE WAY is located in AVERHAM, in the NG23 postcode district. The below map shows the position of No. 5 on AYRSHIRE WAY.