8, BACK LANE, CLAYPOLE, NEWARK, NG23 5AA - £285,000

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

8 BACK LANE is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £285,000 in October 2015, which was around 12% above the average October 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

8 BACK LANE Sold Prices

Land registry data shows two sales for 8 BACK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the two 8 BACK LANE sales was for above the average price, whilst the other was 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
2015 15 OCT	£285,000	£254,973	12% above HPI
2004 27 AUG	£168,000	£207,757	19% below HPI

8 BACK LANE 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 two 8 BACK LANE sales from August 2004 and October 2015 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 2004 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 8 BACK LANE?

8 BACK LANE is 99m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Claypole, based on EPC data. The below chart shows the distribution of detached houses by size in Claypole, and where 8 BACK LANE lies on this distribution: 23% of detached houses are smaller than 8 BACK LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Claypole.

8 BACK LANE: Plot and Title Map

8 BACK LANE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 8 BACK 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 8 BACK 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 8 BACK LANE?

8 BACK LANE is located in CLAYPOLE, in the NG23 postcode district. The below map shows the position of No. 8 on BACK LANE.