FIELD VIEW, MILL ROAD, ELSTON, NEWARK, NG23 5NR - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FIELD VIEW is a large detached house of 160m², built sometime between 1983 and 1990, which could now be worth an estimated £624,179. It was last sold for £370,000 in September 2011, which was around 74% above the average September 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

FIELD VIEW Sold Prices

Land registry data shows two sales for FIELD VIEW 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 FIELD VIEW 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 30 SEP	£370,000	£212,824	74% above HPI
2006 21 MAR	£330,000	£208,100	59% above HPI

FIELD VIEW 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 FIELD VIEW sales from March 2006 and September 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 March 2006 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the September 2011 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might FIELD VIEW be worth now?

FIELD VIEW might now be worth an estimated £624,179.

This is based on house price inflation of 68.7%, between September 2011 and December 2024, 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 68.7% inflationary increase is applied to the most recent sale price for FIELD VIEW of £370,000 on 30th September 2011. For the value to have increased from £370,000 to £624,179 over the twelve years and nine months to December 2024, the following assumptions must hold true:

• The value of FIELD VIEW has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2011 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of FIELD VIEW has not materially changed since September 2011.

How Large is FIELD VIEW?

FIELD VIEW is 160m² according to the EPC inspection conducted in August 2023. This puts it in the largest 40% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where FIELD VIEW lies on this distribution: 61% of detached houses houses are smaller than FIELD VIEW, and 39% of houses are larger. Note that EPC data is not available for all properties in Elston.

FIELD VIEW: Plot and Title Map

FIELD VIEW sits on a plot of roughly 0.331 of an acre, or 1,340m². The below map shows the location of FIELD VIEW, 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 FIELD VIEW). 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 FIELD VIEW?

FIELD VIEW is located on MILL ROAD in ELSTON, in the NG23 postcode district. The below map shows the position of FIELD VIEW on MILL ROAD.