DRAYCOTT, MILL LANE, CAUNTON, NEWARK, NG23 6AJ - £340,000

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

DRAYCOTT is a small detached house of 117m², built sometime between 1976 and 1982. It was last sold for £340,000 in July 2019, which was around 27% above the average July 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

DRAYCOTT Sold Prices

Land registry data shows two sales for DRAYCOTT 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 DRAYCOTT 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 26 JUL	£340,000	£267,974	27% above HPI
2016 1 FEB	£300,000	£233,670	28% above HPI

DRAYCOTT 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 DRAYCOTT sales from February 2016 and July 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 February 2016 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2019 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is DRAYCOTT?

DRAYCOTT is 117m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 30% of detached houses in Caunton, based on EPC data. The below chart shows the distribution of detached houses by size in Caunton, and where DRAYCOTT lies on this distribution: 28% of detached houses are smaller than DRAYCOTT, and 72% of houses are larger. Note that EPC data is not available for all properties in Caunton.

DRAYCOTT: Plot and Title Map

DRAYCOTT sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of DRAYCOTT, 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 DRAYCOTT). 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 DRAYCOTT?

DRAYCOTT is located on MILL LANE in CAUNTON, in the NG23 postcode district. The below map shows the position of DRAYCOTT on MILL LANE.