5, SYKES LANE, BALDERTON, NEWARK, NG24 3LT - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 SYKES LANE is a very large extended detached house of 236m², built sometime between 1976 and 1982. It was last sold for £395,000 in April 2019, which was around 53% above the average April 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

5 SYKES LANE Sold Prices

Land registry data shows three sales for 5 SYKES 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. The three 5 SYKES LANE sales were a mix of above the average price, and roughly equal to 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
2019 12 APR	£395,000	£258,353	53% above HPI
2013 21 AUG	£305,000	£209,253	46% above HPI
2006 18 DEC	£212,000	£211,882	Close to HPI

5 SYKES 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 SYKES LANE sales between December 2006 and April 2019 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 2013 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the April 2019 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 5 SYKES LANE?

5 SYKES LANE is 236m², which includes four extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 5 SYKES LANE lies on this distribution: 97% of detached houses are smaller than 5 SYKES LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Balderton.

5 SYKES LANE: Plot and Title Map

5 SYKES LANE sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of 5 SYKES 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 SYKES 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 SYKES LANE?

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