5, PRIVATE ROAD, SOUTHWELL, NG25 0EJ - £340,000

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 PRIVATE ROAD is a small extended detached house of 96m², built sometime between 1991 and 1995, which could now be worth an estimated £397,516. It was last sold for £340,000 in February 2021, which was around 13% above the average February 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

5 PRIVATE ROAD Sold Prices

Land registry data shows four sales for 5 PRIVATE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 5 PRIVATE ROAD 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
2021 3 FEB	£340,000	£301,064	13% above HPI
2005 16 JUN	£230,000	£210,433	9% above HPI
2005 25 FEB	£252,000	£208,827	21% above HPI
1997 17 FEB	£100,000	£77,058	30% above HPI

5 PRIVATE ROAD 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 four 5 PRIVATE ROAD sales between February 1997 and February 2021 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 June 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the February 2021 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 5 PRIVATE ROAD be worth now?

5 PRIVATE ROAD might now be worth an estimated £397,516.

This is based on house price inflation of 16.9%, between February 2021 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 16.9% inflationary increase is applied to the most recent sale price for 5 PRIVATE ROAD of £340,000 on 3rd February 2021. For the value to have increased from £340,000 to £397,516 over the four years to February 2025, the following assumptions must hold true:

• The value of 5 PRIVATE ROAD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PRIVATE ROAD has not materially changed since February 2021.

How Large is 5 PRIVATE ROAD?

5 PRIVATE ROAD is 96m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 30% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 5 PRIVATE ROAD lies on this distribution: 28% of detached houses houses are smaller than 5 PRIVATE ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Southwell.

5 PRIVATE ROAD: Plot and Title Map

5 PRIVATE ROAD sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 5 PRIVATE ROAD, 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 PRIVATE ROAD). 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 PRIVATE ROAD?

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