AVONLEA, MAIN STREET, SOUTH MUSKHAM, NEWARK, NG23 6EE - £425,000

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

AVONLEA is a midsized extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £425,000 in December 2021, which was around 32% above the average December 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was C.

AVONLEA Sold Prices

Land registry data shows two sales for AVONLEA 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 AVONLEA 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
2021 14 DEC	£425,000	£321,418	32% above HPI
2006 14 DEC	£223,000	£220,573	1% above HPI

AVONLEA 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 AVONLEA sales from December 2006 and December 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 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2021 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might AVONLEA be worth now?

AVONLEA might now be worth an estimated £474,730.

This is based on house price inflation of 11.7%, between December 2021 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 11.7% inflationary increase is applied to the most recent sale price for AVONLEA of £425,000 on 14th December 2021. For the value to have increased from £425,000 to £474,730 over the three years to December 2024, the following assumptions must hold true:

• The value of AVONLEA has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of AVONLEA has not materially changed since December 2021.

How Large is AVONLEA?

AVONLEA is 125m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Muskham, and where AVONLEA lies on this distribution: 42% of detached houses houses are smaller than AVONLEA, and 54% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

AVONLEA: Plot and Title Map

AVONLEA sits on a plot of roughly 0.225 of an acre, or 909m². The below map shows the location of AVONLEA, 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 AVONLEA). 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 AVONLEA?

AVONLEA is located on MAIN STREET in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of AVONLEA on MAIN STREET.