5, PRIORY CLOSE, BALDERTON, NEWARK, NG24 3JA - £162,500

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 PRIORY CLOSE is a very small detached house of 47m², built sometime between 1950 and 1966, which could now be worth an estimated £233,739. It was last sold for £162,500 in March 2016, which was around 34% below the average March 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

5 PRIORY CLOSE Sold Prices

Land registry data shows two sales for 5 PRIORY CLOSE 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 PRIORY 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
2016 2 MAR	£162,500	£244,713	34% below HPI
1997 3 FEB	£55,000	£77,058	29% below HPI

5 PRIORY 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 two 5 PRIORY CLOSE sales from February 1997 and March 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 February 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2016 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 PRIORY CLOSE be worth now?

5 PRIORY CLOSE might now be worth an estimated £233,739.

This is based on house price inflation of 43.8%, between March 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 43.8% inflationary increase is applied to the most recent sale price for 5 PRIORY CLOSE of £162,500 on 2nd March 2016. For the value to have increased from £162,500 to £233,739 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 5 PRIORY CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2016 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 5 PRIORY CLOSE has not materially changed since March 2016.

How Large is 5 PRIORY CLOSE?

5 PRIORY CLOSE is 47m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% 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 PRIORY CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 PRIORY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Balderton.

5 PRIORY CLOSE: Plot and Title Map

5 PRIORY CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 5 PRIORY 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 PRIORY 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 PRIORY CLOSE?

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