CHERRY LEA, BACK LANE, EAKRING, NEWARK, NG22 0DJ - £490,000

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

CHERRY LEA is a small detached house of 142m², built sometime between 2003 and 2006. It was last sold for £490,000 in March 2016, which was around 108% above the average March 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2013, where the current energy rating was A, and the potential energy rating was A.

CHERRY LEA Sold Prices

Land registry data shows two sales for CHERRY LEA 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 CHERRY LEA 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
2016 24 MAR	£490,000	£235,071	108% above HPI
2003 9 MAY	£160,000	£155,031	3% above HPI

CHERRY LEA 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 CHERRY LEA sales from May 2003 and March 2016 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 May 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2016 sale, where it rises to 108% above the HPI. The line then continues to track at 108% above the HPI.

How Large is CHERRY LEA?

CHERRY LEA is 142m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of detached houses in Eakring, based on EPC data. The below chart shows the distribution of detached houses by size in Eakring, and where CHERRY LEA lies on this distribution: 24% of detached houses are smaller than CHERRY LEA, and 76% of houses are larger. Note that EPC data is not available for all properties in Eakring.

CHERRY LEA: Plot and Title Map

CHERRY LEA sits on a plot of roughly 0.778 of an acre, or 3,149m². The below map shows the location of CHERRY LEA, 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 CHERRY LEA). 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 CHERRY LEA?

CHERRY LEA is located on BACK LANE in EAKRING, in the NG22 postcode district. The below map shows the position of CHERRY LEA on BACK LANE.