5, WESLEY CLOSE, BALDERTON, NEWARK, NG24 3LH - £250,000

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 WESLEY CLOSE is a midsized extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £290,453. It was last sold for £250,000 in December 2020, which was around 17% below the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was C.

5 WESLEY CLOSE Sold Prices

Land registry data shows four sales for 5 WESLEY CLOSE 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 WESLEY 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
2020 11 DEC	£250,000	£302,969	17% below HPI
2016 11 AUG	£215,000	£251,608	15% below HPI
2009 30 JUL	£173,000	£200,000	14% below HPI
2005 23 MAY	£167,000	£212,742	22% below HPI

5 WESLEY 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 four 5 WESLEY CLOSE sales between May 2005 and December 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 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 WESLEY CLOSE be worth now?

5 WESLEY CLOSE might now be worth an estimated £290,453.

This is based on house price inflation of 16.2%, between December 2020 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 16.2% inflationary increase is applied to the most recent sale price for 5 WESLEY CLOSE of £250,000 on 11th December 2020. For the value to have increased from £250,000 to £290,453 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 WESLEY CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WESLEY CLOSE has not materially changed since December 2020.

How Large is 5 WESLEY CLOSE?

5 WESLEY CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% 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 WESLEY CLOSE lies on this distribution: 49% of detached houses houses are smaller than 5 WESLEY CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Balderton.

5 WESLEY CLOSE: Plot and Title Map

5 WESLEY CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 5 WESLEY 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 WESLEY 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 WESLEY CLOSE?

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