CHERRY TREES, FISKERTON ROAD, ROLLESTON, NEWARK, NG23 5SH - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CHERRY TREES is a very small detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £617,653. It was last sold for £500,000 in September 2019, which was around 75% above the average September 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 TREES 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
2019 12 SEP	£500,000	£284,944	75% above HPI
2014 22 AUG	£249,950	£234,357	7% above HPI

CHERRY TREES 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 TREES sales from August 2014 and September 2019 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 August 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2019 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might CHERRY TREES be worth now?

CHERRY TREES might now be worth an estimated £617,653.

This is based on house price inflation of 23.5%, between September 2019 and February 2025, 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 23.5% inflationary increase is applied to the most recent sale price for CHERRY TREES of £500,000 on 12th September 2019. For the value to have increased from £500,000 to £617,653 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of CHERRY TREES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2019 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREES has not materially changed since September 2019.

How Large is CHERRY TREES?

CHERRY TREES is 114m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses houses in Rolleston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rolleston, and where CHERRY TREES lies on this distribution: 18% of detached houses houses are smaller than CHERRY TREES, and 82% of houses are larger. Note that EPC data is not available for all properties in Rolleston.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.291 of an acre, or 1,179m². The below map shows the location of CHERRY TREES, 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 TREES). 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 TREES?

CHERRY TREES is located on FISKERTON ROAD in ROLLESTON, in the NG23 postcode district. The below map shows the position of CHERRY TREES on FISKERTON ROAD.