5, LUNN LANE, COLLINGHAM, NEWARK, NG23 7LP - £310,000

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 LUNN LANE is a large detached house of 137m², built sometime between 1983 and 1990, which could now be worth an estimated £441,590. It was last sold for £310,000 in November 2015, which was around 25% above the average November 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

5 LUNN LANE Sold Prices

Land registry data shows three sales for 5 LUNN 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. Two of the three 5 LUNN LANE sales were for above the average price, whilst one was 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
2015 17 NOV	£310,000	£247,102	25% above HPI
2006 13 NOV	£207,000	£218,163	5% below HPI
1996 16 DEC	£83,250	£75,287	11% above HPI

5 LUNN 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 LUNN LANE sales between December 1996 and November 2015 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 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2015 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 5 LUNN LANE be worth now?

5 LUNN LANE might now be worth an estimated £441,590.

This is based on house price inflation of 42.4%, between November 2015 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 42.4% inflationary increase is applied to the most recent sale price for 5 LUNN LANE of £310,000 on 17th November 2015. For the value to have increased from £310,000 to £441,590 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 LUNN LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2015 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LUNN LANE has not materially changed since November 2015.

How Large is 5 LUNN LANE?

5 LUNN LANE is 137m² according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses houses in Collingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Collingham, and where 5 LUNN LANE lies on this distribution: 71% of detached houses houses are smaller than 5 LUNN LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Collingham.

5 LUNN LANE: Plot and Title Map

5 LUNN LANE sits on a plot of roughly 1.1 acres, or 4,432m². The below map shows the location of 5 LUNN 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 LUNN 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 LUNN LANE?

5 LUNN LANE is located in COLLINGHAM, in the NG23 postcode district. The below map shows the position of No. 5 on LUNN LANE.