CORNERWAYS, OSSINGTON ROAD, NORWELL, NEWARK, NG23 6JW - £371,000

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

CORNERWAYS is a small extended detached house of 126m², built sometime before 1900. It was last sold for £371,000 in November 2011, which was around 83% above the average November 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

CORNERWAYS Sold Prices

Land registry data shows four sales for CORNERWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the four CORNERWAYS 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
2011 10 NOV	£371,000	£202,715	83% above HPI
2007 26 JAN	£323,000	£212,257	52% above HPI
2004 23 JUL	£310,000	£188,834	64% above HPI
1996 23 DEC	£60,000	£72,320	17% below HPI

CORNERWAYS 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 four CORNERWAYS sales between December 1996 and November 2011 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 January 2007 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the November 2011 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 126m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses in Norwell, based on EPC data. The below chart shows the distribution of detached houses by size in Norwell, and where CORNERWAYS lies on this distribution: 34% of detached houses are smaller than CORNERWAYS, and 66% of houses are larger. Note that EPC data is not available for all properties in Norwell.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.230 of an acre, or 932m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on OSSINGTON ROAD in NORWELL, in the NG23 postcode district. The below map shows the position of CORNERWAYS on OSSINGTON ROAD.