ASHLEA, CRAB LANE, NORTH MUSKHAM, NEWARK, NG23 6HH - £255,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ASHLEA is a small extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £255,000 in April 2022, which was around 18% below the average April 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

ASHLEA Sold Prices

Land registry data shows two sales for ASHLEA 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 ASHLEA 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 14 APR	£255,000	£310,305	18% below HPI
2021 10 FEB	£220,000	£289,202	24% below HPI

ASHLEA 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 ASHLEA sales from February 2021 and April 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is ASHLEA?

ASHLEA is 112m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where ASHLEA lies on this distribution: 37% of detached houses are smaller than ASHLEA, and 61% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

ASHLEA: Plot and Title Map

ASHLEA sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of ASHLEA, 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 ASHLEA). 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 ASHLEA?

ASHLEA is located on CRAB LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of ASHLEA on CRAB LANE.