9, MONKWOOD CLOSE, COLLINGHAM, NEWARK, NG23 7SY - £162,500

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.

9 MONKWOOD CLOSE is a very small detached house of 59m², built sometime between 1976 and 1982, which could now be worth an estimated £187,856. It was last sold for £162,500 in January 2021, which was around 47% below the average January 2021 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.

9 MONKWOOD CLOSE Sold Prices

Land registry data shows three sales for 9 MONKWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 9 MONKWOOD 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
2021 19 JAN	£162,500	£304,482	47% below HPI
2008 22 DEC	£122,000	£201,758	40% below HPI
2005 5 AUG	£123,000	£213,796	42% below HPI

9 MONKWOOD 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 three 9 MONKWOOD CLOSE sales between August 2005 and January 2021 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 December 2008 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2021 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 9 MONKWOOD CLOSE be worth now?

9 MONKWOOD CLOSE might now be worth an estimated £187,856.

This is based on house price inflation of 15.6%, between January 2021 and February 2025, 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 15.6% inflationary increase is applied to the most recent sale price for 9 MONKWOOD CLOSE of £162,500 on 19th January 2021. For the value to have increased from £162,500 to £187,856 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 9 MONKWOOD CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2021 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 9 MONKWOOD CLOSE has not materially changed since January 2021.

How Large is 9 MONKWOOD CLOSE?

9 MONKWOOD CLOSE is 59m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses houses in Collingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Collingham, and where 9 MONKWOOD CLOSE lies on this distribution: 2% of detached houses houses are smaller than 9 MONKWOOD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Collingham.

9 MONKWOOD CLOSE: Plot and Title Map

9 MONKWOOD CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 9 MONKWOOD 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 MONKWOOD 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 MONKWOOD CLOSE?

9 MONKWOOD CLOSE is located in COLLINGHAM, in the NG23 postcode district. The below map shows the position of No. 9 on MONKWOOD CLOSE.