7, ELM CLOSE, LONG BENNINGTON, NEWARK, NG23 5EZ - £350,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 ELM CLOSE is a very small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £371,677. It was last sold for £350,000 in February 2022, which was around 1% above the average February 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

7 ELM CLOSE Sold Prices

Land registry data shows five sales for 7 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. The five 7 ELM CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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 25 FEB	£350,000	£346,854	1% above HPI
2017 19 OCT	£290,000	£286,688	1% above HPI
2016 16 SEP	£245,000	£266,034	8% below HPI
2000 10 AUG	£105,000	£105,493	Close to HPI
1999 17 AUG	£87,500	£92,112	5% below HPI

7 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The five 7 ELM CLOSE sales between August 1999 and February 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 October 2017 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2022 sale, which was also at 1% above the HPI.

What might 7 ELM CLOSE be worth now?

7 ELM CLOSE might now be worth an estimated £371,677.

This is based on house price inflation of 6.2%, between February 2022 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for 7 ELM CLOSE of £350,000 on 25th February 2022. For the value to have increased from £350,000 to £371,677 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 7 ELM CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELM CLOSE has not materially changed since February 2022.

How Large is 7 ELM CLOSE?

7 ELM CLOSE is 94m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Bennington, and where 7 ELM CLOSE lies on this distribution: 12% of detached houses houses are smaller than 7 ELM CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

7 ELM CLOSE: Plot and Title Map

7 ELM CLOSE sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 7 ELM 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 7 ELM 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 7 ELM CLOSE?

7 ELM CLOSE is located in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of No. 7 on ELM CLOSE.