5, THE SHETLANDS, RETFORD, DN22 6YA - £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 THE SHETLANDS is a very large detached house of 147m², built sometime between 1996 and 2002, which could now be worth an estimated £403,706. It was last sold for £310,000 in October 2020, which was around 29% above the average October 2020 detached price in the Bassetlaw local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

5 THE SHETLANDS Sold Prices

Land registry data shows five sales for 5 THE SHETLANDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the five 5 THE SHETLANDS 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
2020 29 OCT	£310,000	£240,131	29% above HPI
2013 28 AUG	£235,000	£177,384	32% above HPI
2004 28 JUN	£240,000	£156,876	53% above HPI
2003 3 JAN	£189,950	£118,329	61% above HPI
1999 20 MAY	£123,995	£72,712	71% above HPI

5 THE SHETLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The five 5 THE SHETLANDS sales between May 1999 and October 2020 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2020 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 5 THE SHETLANDS be worth now?

5 THE SHETLANDS might now be worth an estimated £403,706.

This is based on house price inflation of 30.2%, between October 2020 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for 5 THE SHETLANDS of £310,000 on 29th October 2020. For the value to have increased from £310,000 to £403,706 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 THE SHETLANDS has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The October 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SHETLANDS has not materially changed since October 2020.

How Large is 5 THE SHETLANDS?

5 THE SHETLANDS is 147m² according to the EPC inspection conducted in March 2013. This puts it in the largest 20% of detached houses houses in Retford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Retford, and where 5 THE SHETLANDS lies on this distribution: 80% of detached houses houses are smaller than 5 THE SHETLANDS, and 19% of houses are larger. Note that EPC data is not available for all properties in Retford.

5 THE SHETLANDS: Plot and Title Map

5 THE SHETLANDS sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 5 THE SHETLANDS, 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 THE SHETLANDS). 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 THE SHETLANDS?

5 THE SHETLANDS is located in RETFORD, in the DN22 postcode district. The below map shows the position of No. 5 on THE SHETLANDS.