9, GRICESON CLOSE, OLLERTON, NEWARK, NG22 9BD - £360,000

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

9 GRICESON CLOSE is a large extended detached house of 124m², built sometime between 1950 and 1966. It was last sold for £360,000 in November 2022, which was around 8% above the average November 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

9 GRICESON CLOSE Sold Prices

Land registry data shows two sales for 9 GRICESON CLOSE 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. One of the two 9 GRICESON CLOSE 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
2022 16 NOV	£360,000	£334,244	8% above HPI
2003 25 NOV	£165,000	£173,580	5% below HPI

9 GRICESON 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 two 9 GRICESON CLOSE sales from November 2003 and November 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 November 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2022 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 9 GRICESON CLOSE?

9 GRICESON CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where 9 GRICESON CLOSE lies on this distribution: 68% of detached houses are smaller than 9 GRICESON CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

9 GRICESON CLOSE: Plot and Title Map

9 GRICESON CLOSE sits on a plot of roughly 0.162 of an acre, or 656m². The below map shows the location of 9 GRICESON 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 9 GRICESON 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 9 GRICESON CLOSE?

9 GRICESON CLOSE is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 9 on GRICESON CLOSE.