5, WORKS LANE, BARNSTONE, NOTTINGHAM, NG13 9JJ - £425,000

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 WORKS LANE is a midsized extended detached house of 135m², built sometime before 1900. It was last sold for £425,000 in July 2022, which was around 8% below the average July 2022 detached price in the Rushcliffe local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was C.

5 WORKS LANE Sold Prices

Land registry data shows four sales for 5 WORKS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Most of the four 5 WORKS LANE 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
2022 29 JUL	£425,000	£460,796	8% below HPI
2021 15 JAN	£350,000	£407,422	14% below HPI
2001 5 JUL	£175,000	£159,161	10% above HPI
1995 10 NOV	£71,500	£89,173	20% below HPI

5 WORKS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The four 5 WORKS LANE sales between November 1995 and July 2022 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 January 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 5 WORKS LANE?

5 WORKS LANE is 135m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 50% of detached houses in Barnstone, based on EPC data. The below chart shows the distribution of detached houses by size in Barnstone, and where 5 WORKS LANE lies on this distribution: 56% of detached houses are smaller than 5 WORKS LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Barnstone.

5 WORKS LANE: Plot and Title Map

5 WORKS LANE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 5 WORKS 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 WORKS 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 WORKS LANE?

5 WORKS LANE is located in BARNSTONE, in the NG13 postcode district. The below map shows the position of No. 5 on WORKS LANE.