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

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 SYKES LANE is a very large extended detached house of 236m², built sometime between 1976 and 1982, which could now be worth an estimated £516,963. It was last sold for £395,000 in April 2019, which was around 47% 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. Two of the three 5 SYKES 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
2019 12 APR	£395,000	£268,950	47% above HPI
2013 21 AUG	£305,000	£217,836	40% above HPI
2006 18 DEC	£212,000	£220,573	4% below 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the April 2019 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 5 SYKES LANE be worth now?

5 SYKES LANE might now be worth an estimated £516,963.

This is based on house price inflation of 30.9%, between April 2019 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 30.9% inflationary increase is applied to the most recent sale price for 5 SYKES LANE of £395,000 on 12th April 2019. For the value to have increased from £395,000 to £516,963 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 5 SYKES LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2019 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SYKES LANE has not materially changed since April 2019.

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 houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 5 SYKES LANE lies on this distribution: 97% of detached houses 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.