5, HOPEWELL RISE, SOUTHWELL, NG25 0NX - £455,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 HOPEWELL RISE is a very small detached house of 86m². It was last sold for £455,000 in April 2023, which was around 37% above the average April 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was A.

5 HOPEWELL RISE Sold Prices

Land registry data shows two sales for 5 HOPEWELL RISE 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 HOPEWELL RISE 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
2023 26 APR	£455,000	£331,752	37% above HPI
2019 19 DEC	£396,000	£272,780	45% above HPI

5 HOPEWELL RISE 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 HOPEWELL RISE sales from December 2019 and April 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 December 2019 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the April 2023 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 5 HOPEWELL RISE?

5 HOPEWELL RISE is 86m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 5 HOPEWELL RISE lies on this distribution: 16% of detached houses are smaller than 5 HOPEWELL RISE, and 82% of houses are larger. Note that EPC data is not available for all properties in Southwell.

5 HOPEWELL RISE: Plot and Title Map

5 HOPEWELL RISE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 5 HOPEWELL RISE, 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 HOPEWELL RISE). 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 HOPEWELL RISE?

5 HOPEWELL RISE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 5 on HOPEWELL RISE.