8, ALDER CLOSE, NEW BALDERTON, NEWARK, NG24 3AY - £74,950

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.

8 ALDER CLOSE is a small extended semi-detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £194,860. It was last sold for £74,950 in October 2002, which was around 5% below the average October 2002 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

8 ALDER CLOSE Sold Prices

Land registry data shows two sales for 8 ALDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the two 8 ALDER CLOSE sales was for below the average price, whilst the other was 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
2002 17 OCT	£74,950	£79,139	5% below HPI
1995 31 JAN	£44,000	£38,304	15% above HPI

8 ALDER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 8 ALDER CLOSE sales from January 1995 and October 2002 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 1995 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2002 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 8 ALDER CLOSE be worth now?

8 ALDER CLOSE might now be worth an estimated £194,860.

This is based on house price inflation of 160%, between October 2002 and February 2025, for semi-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 160% inflationary increase is applied to the most recent sale price for 8 ALDER CLOSE of £74,950 on 17th October 2002. For the value to have increased from £74,950 to £194,860 over the 23 years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 ALDER CLOSE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The October 2002 sale price of £74,950 represented a fair market value for the property.
• The size, condition, and specification of 8 ALDER CLOSE has not materially changed since October 2002.

How Large is 8 ALDER CLOSE?

8 ALDER CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of semi-detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Balderton, and where 8 ALDER CLOSE lies on this distribution: 35% of semi-detached houses houses are smaller than 8 ALDER CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Balderton.

8 ALDER CLOSE: Plot and Title Map

8 ALDER CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 8 ALDER 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 8 ALDER 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 8 ALDER CLOSE?

8 ALDER CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 8 on ALDER CLOSE.