CULZEAN, MAIN STREET, SOUTH SCARLE, NEWARK, NG23 7JH - £210,000

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

CULZEAN is a midsized detached house of 157m², built sometime between 1983 and 1990. It was last sold for £210,000 in August 2007, which was around 6% below the average August 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

CULZEAN Sold Prices

Land registry data shows three sales for CULZEAN 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. Two of the three CULZEAN sales were for below the average price, whilst one was 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
2007 31 AUG	£210,000	£224,225	6% below HPI
2003 28 NOV	£170,000	£173,580	2% below HPI
1996 8 NOV	£89,950	£72,490	24% above HPI

CULZEAN 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 CULZEAN sales between November 1996 and August 2007 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 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2007 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is CULZEAN?

CULZEAN is 157m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% of detached houses in South Scarle, based on EPC data. The below chart shows the distribution of detached houses by size in South Scarle, and where CULZEAN lies on this distribution: 41% of detached houses are smaller than CULZEAN, and 59% of houses are larger. Note that EPC data is not available for all properties in South Scarle.

CULZEAN: Plot and Title Map

CULZEAN sits on a plot of roughly 2,119.6 acres, or 8,577,597m². The below map shows the location of CULZEAN, 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 CULZEAN). 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 CULZEAN?

CULZEAN is located on MAIN STREET in SOUTH SCARLE, in the NG23 postcode district. The below map shows the position of CULZEAN on MAIN STREET.