FRALEA, LOW STREET, HARBY, NEWARK, NG23 7EA - £245,000

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

FRALEA is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £245,000 in October 2016, which was around 1% below the average October 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was C.

FRALEA Sold Prices

Land registry data shows two sales for FRALEA 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 FRALEA sales were for below 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
2016 11 OCT	£245,000	£246,500	1% below HPI
2015 23 DEC	£131,000	£238,450	45% below HPI

FRALEA 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 FRALEA sales from December 2015 and October 2016 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 December 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is FRALEA?

FRALEA is 90m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 30% of detached houses in Harby, based on EPC data. The below chart shows the distribution of detached houses by size in Harby, and where FRALEA lies on this distribution: 22% of detached houses are smaller than FRALEA, and 76% of houses are larger. Note that EPC data is not available for all properties in Harby.

FRALEA: Plot and Title Map

FRALEA sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of FRALEA, 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 FRALEA). 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 FRALEA?

FRALEA is located on LOW STREET in HARBY, in the NG23 postcode district. The below map shows the position of FRALEA on LOW STREET.