7, HEYWOOD CLOSE, SOUTHWELL, NG25 0EB - £204,000

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.

7 HEYWOOD CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £250,245. It was last sold for £204,000 in August 2020, which was around 29% below the average August 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

7 HEYWOOD CLOSE Sold Prices

Land registry data shows three sales for 7 HEYWOOD CLOSE 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. All of the three 7 HEYWOOD 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 28 AUG	£204,000	£286,945	29% below HPI
2018 22 AUG	£196,000	£277,939	29% below HPI
1996 15 NOV	£57,000	£75,464	24% below HPI

7 HEYWOOD 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 three 7 HEYWOOD CLOSE sales between November 1996 and August 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 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2020 sale, which was also at 29% below the HPI.

What might 7 HEYWOOD CLOSE be worth now?

7 HEYWOOD CLOSE might now be worth an estimated £250,245.

This is based on house price inflation of 22.7%, between August 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 22.7% inflationary increase is applied to the most recent sale price for 7 HEYWOOD CLOSE of £204,000 on 28th August 2020. For the value to have increased from £204,000 to £250,245 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 7 HEYWOOD CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2020 sale price of £204,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HEYWOOD CLOSE has not materially changed since August 2020.

How Large is 7 HEYWOOD CLOSE?

7 HEYWOOD CLOSE is 74m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 7 HEYWOOD CLOSE lies on this distribution: 9% of detached houses houses are smaller than 7 HEYWOOD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Southwell.

7 HEYWOOD CLOSE: Plot and Title Map

7 HEYWOOD CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 7 HEYWOOD 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 HEYWOOD 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 HEYWOOD CLOSE?

7 HEYWOOD CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 7 on HEYWOOD CLOSE.