5, GLOVERS LANE, BALDERTON, NEWARK, NG24 3LW - £170,000

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.

5 GLOVERS LANE is a very small detached house of 69m², built sometime between 1930 and 1949, which could now be worth an estimated £255,332. It was last sold for £170,000 in August 2014, which was around 27% below the average August 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

5 GLOVERS LANE Sold Prices

Land registry data shows three sales for 5 GLOVERS LANE 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 5 GLOVERS LANE 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
2014 15 AUG	£170,000	£234,357	27% below HPI
2004 9 DEC	£149,950	£209,037	28% below HPI
2002 10 JUL	£72,000	£140,156	49% below HPI

5 GLOVERS LANE 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 5 GLOVERS LANE sales between July 2002 and August 2014 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 December 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2014 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 GLOVERS LANE be worth now?

5 GLOVERS LANE might now be worth an estimated £255,332.

This is based on house price inflation of 50.2%, between August 2014 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 50.2% inflationary increase is applied to the most recent sale price for 5 GLOVERS LANE of £170,000 on 15th August 2014. For the value to have increased from £170,000 to £255,332 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 5 GLOVERS LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2014 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GLOVERS LANE has not materially changed since August 2014.

How Large is 5 GLOVERS LANE?

5 GLOVERS LANE is 69m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 5 GLOVERS LANE lies on this distribution: 18% of detached houses houses are smaller than 5 GLOVERS LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Balderton.

5 GLOVERS LANE: Plot and Title Map

5 GLOVERS LANE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 5 GLOVERS LANE, 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 GLOVERS LANE). 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 GLOVERS LANE?

5 GLOVERS LANE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 5 on GLOVERS LANE.