8, HOPEWELL RISE, SOUTHWELL, NG25 0NX - £520,000

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 HOPEWELL RISE is a large detached house of 143m². It was last sold for £520,000 in January 2022, which was around 64% above the average January 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

8 HOPEWELL RISE Sold Prices

Land registry data shows two sales for 8 HOPEWELL RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 8 HOPEWELL RISE sales were 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
2022 18 JAN	£520,000	£316,748	64% above HPI
2021 18 FEB	£470,000	£289,202	63% above HPI

8 HOPEWELL RISE 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 two 8 HOPEWELL RISE sales from February 2021 and January 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 February 2021 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the January 2022 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is 8 HOPEWELL RISE?

8 HOPEWELL RISE is 143m² according to the EPC inspection conducted in October 2019. This puts it in the largest 30% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 8 HOPEWELL RISE lies on this distribution: 70% of detached houses are smaller than 8 HOPEWELL RISE, and 28% of houses are larger. Note that EPC data is not available for all properties in Southwell.

8 HOPEWELL RISE: Plot and Title Map

8 HOPEWELL RISE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 8 HOPEWELL RISE, 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 HOPEWELL RISE). 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 HOPEWELL RISE?

8 HOPEWELL RISE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 8 on HOPEWELL RISE.