9, RICHMOND CLOSE, NEW BALDERTON, NEWARK, NG24 3EX - £130,000

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

9 RICHMOND CLOSE is a small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £264,340. It was last sold for £130,000 in August 2003, which was around 26% below the average August 2003 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

9 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 9 RICHMOND 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. Both of the two 9 RICHMOND 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
2003 11 AUG	£130,000	£176,567	26% below HPI
2000 31 OCT	£77,000	£104,651	26% below HPI

9 RICHMOND 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 RICHMOND CLOSE sales from October 2000 and August 2003 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 October 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2003 sale, which was also at 26% below the HPI.

What might 9 RICHMOND CLOSE be worth now?

9 RICHMOND CLOSE might now be worth an estimated £264,340.

This is based on house price inflation of 103.3%, between August 2003 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 103.3% inflationary increase is applied to the most recent sale price for 9 RICHMOND CLOSE of £130,000 on 11th August 2003. For the value to have increased from £130,000 to £264,340 over the twenty years and eight months to December 2024, the following assumptions must hold true:

• The value of 9 RICHMOND CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2003 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 9 RICHMOND CLOSE has not materially changed since August 2003.

How Large is 9 RICHMOND CLOSE?

9 RICHMOND CLOSE is 74m² according to the EPC inspection conducted in April 2014. 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 9 RICHMOND CLOSE lies on this distribution: 26% of detached houses houses are smaller than 9 RICHMOND CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Balderton.

9 RICHMOND CLOSE: Plot and Title Map

9 RICHMOND CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 9 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

9 RICHMOND CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 9 on RICHMOND CLOSE.