CHESTNUT HOUSE, BACK STREET, SOUTH CLIFTON, NEWARK, NG23 7AF - £335,000

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.

CHESTNUT HOUSE is a midsized detached house of 161m², built sometime between 2003 and 2006, which could now be worth an estimated £425,392. It was last sold for £335,000 in May 2020, which was around 20% above the average May 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

CHESTNUT HOUSE Sold Prices

Land registry data shows three sales for CHESTNUT HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three CHESTNUT 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
2020 7 MAY	£335,000	£279,643	20% above HPI
2012 9 NOV	£280,000	£216,343	29% above HPI
2005 4 AUG	£249,000	£213,796	16% above HPI

CHESTNUT 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 three CHESTNUT HOUSE sales between August 2005 and May 2020 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 November 2012 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2020 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might CHESTNUT HOUSE be worth now?

CHESTNUT HOUSE might now be worth an estimated £425,392.

This is based on house price inflation of 27%, between May 2020 and March 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 27% inflationary increase is applied to the most recent sale price for CHESTNUT HOUSE of £335,000 on 7th May 2020. For the value to have increased from £335,000 to £425,392 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of CHESTNUT HOUSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2020 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT HOUSE has not materially changed since May 2020.

How Large is CHESTNUT HOUSE?

CHESTNUT HOUSE is 161m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses houses in South Clifton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Clifton, and where CHESTNUT HOUSE lies on this distribution: 52% of detached houses houses are smaller than CHESTNUT HOUSE, and 48% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

CHESTNUT HOUSE: Plot and Title Map

CHESTNUT HOUSE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of CHESTNUT 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 CHESTNUT 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 CHESTNUT HOUSE?

CHESTNUT HOUSE is located on BACK STREET in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of CHESTNUT HOUSE on BACK STREET.