8, ELTON CLOSE, BALDERTON, NEWARK, NG24 3JY - £250,000

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

8 ELTON CLOSE is a small detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £266,019. It was last sold for £250,000 in July 2022, which was around 26% below the average July 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was C.

8 ELTON CLOSE Sold Prices

Land registry data shows six sales for 8 ELTON CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the six 8 ELTON 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
2022 15 JUL	£250,000	£337,408	26% below HPI
2021 11 JAN	£195,000	£304,482	36% below HPI
2014 26 SEP	£114,750	£234,008	51% below HPI
2009 30 NOV	£126,000	£212,402	41% below HPI
2007 7 DEC	£135,500	£234,785	42% below HPI
1998 30 NOV	£54,000	£90,100	40% below HPI

8 ELTON 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 six 8 ELTON CLOSE sales between November 1998 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 ELTON CLOSE be worth now?

8 ELTON CLOSE might now be worth an estimated £266,019.

This is based on house price inflation of 6.4%, between July 2022 and December 2024, 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 6.4% inflationary increase is applied to the most recent sale price for 8 ELTON CLOSE of £250,000 on 15th July 2022. For the value to have increased from £250,000 to £266,019 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 8 ELTON CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELTON CLOSE has not materially changed since July 2022.

How Large is 8 ELTON CLOSE?

8 ELTON CLOSE is 72m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 8 ELTON CLOSE lies on this distribution: 25% of detached houses houses are smaller than 8 ELTON CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Balderton.

8 ELTON CLOSE: Plot and Title Map

8 ELTON CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 8 ELTON 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 ELTON 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 ELTON CLOSE?

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