5, LEEKS CLOSE, SOUTHWELL, NG25 0BA - £229,950

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 LEEKS CLOSE is a very small detached house of 50m², built sometime between 1983 and 1990. It was last sold for £229,950 in March 2022, which was around 27% below the average March 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

5 LEEKS CLOSE Sold Prices

Land registry data shows three sales for 5 LEEKS CLOSE 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 LEEKS CLOSE 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
2022 18 MAR	£229,950	£314,451	27% below HPI
2018 17 AUG	£209,495	£266,987	22% below HPI
2012 31 AUG	£187,500	£208,823	10% below HPI

5 LEEKS CLOSE 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 LEEKS CLOSE sales between August 2012 and March 2022 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 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 5 LEEKS CLOSE?

5 LEEKS CLOSE is 50m² according to the EPC inspection conducted in February 2012. 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 5 LEEKS CLOSE lies on this distribution: 1% of detached houses are smaller than 5 LEEKS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Southwell.

5 LEEKS CLOSE: Plot and Title Map

5 LEEKS CLOSE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 5 LEEKS CLOSE, 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 LEEKS CLOSE). 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 LEEKS CLOSE?

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