CHAPEL HOUSE, CHAPEL LANE, WINTHORPE, NEWARK, NG24 2NJ - £500,000

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

CHAPEL HOUSE is a large extended detached house of 140m², built sometime between 1967 and 1975. It was last sold for £500,000 in August 2023, which was around 50% above the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

CHAPEL HOUSE Sold Prices

Land registry data shows two sales for CHAPEL HOUSE 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 CHAPEL HOUSE 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
2023 11 AUG	£500,000	£332,793	50% above HPI
1996 29 APR	£137,000	£72,251	90% above HPI

CHAPEL HOUSE 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 CHAPEL HOUSE sales from April 1996 and August 2023 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 April 1996 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the August 2023 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is CHAPEL HOUSE?

CHAPEL HOUSE is 140m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 40% of detached houses in Winthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Winthorpe, and where CHAPEL HOUSE lies on this distribution: 66% of detached houses are smaller than CHAPEL HOUSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Winthorpe.

CHAPEL HOUSE: Plot and Title Map

CHAPEL HOUSE sits on a plot of roughly 0.357 of an acre, or 1,447m². The below map shows the location of CHAPEL HOUSE, 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 CHAPEL HOUSE). 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 CHAPEL HOUSE?

CHAPEL HOUSE is located on CHAPEL LANE in WINTHORPE, in the NG24 postcode district. The below map shows the position of CHAPEL HOUSE on CHAPEL LANE.