CROYLANDS, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £499,000

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.

CROYLANDS is a very large extended detached house of 263m², built sometime between 1930 and 1949, which could now be worth an estimated £754,386. It was last sold for £499,000 in February 2015, which was around 114% above the average February 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was D.

CROYLANDS Sold Prices

Land registry data shows three sales for CROYLANDS 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 CROYLANDS 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
2015 16 FEB	£499,000	£232,831	114% above HPI
2009 30 OCT	£450,000	£210,949	113% above HPI
2003 21 OCT	£385,000	£176,381	118% above HPI

CROYLANDS 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 CROYLANDS sales between October 2003 and February 2015 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 October 2009 sale was for 113% above the HPI. So the extrapolation line tracks at 113% above the HPI over time, until the February 2015 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might CROYLANDS be worth now?

CROYLANDS might now be worth an estimated £754,386.

This is based on house price inflation of 51.2%, between February 2015 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 51.2% inflationary increase is applied to the most recent sale price for CROYLANDS of £499,000 on 16th February 2015. For the value to have increased from £499,000 to £754,386 over the ten years to February 2025, the following assumptions must hold true:

• The value of CROYLANDS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2015 sale price of £499,000 represented a fair market value for the property.
• The size, condition, and specification of CROYLANDS has not materially changed since February 2015.

How Large is CROYLANDS?

CROYLANDS is 263m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 10% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where CROYLANDS lies on this distribution: More than 99% of detached houses houses are smaller than CROYLANDS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Averham.

CROYLANDS: Plot and Title Map

CROYLANDS sits on a plot of roughly 0.355 of an acre, or 1,436m². The below map shows the location of CROYLANDS, 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 CROYLANDS). 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 CROYLANDS?

CROYLANDS is located on CHURCH LANE in AVERHAM, in the NG23 postcode district. The below map shows the position of CROYLANDS on CHURCH LANE.