GREEN RIDGES, CRAB LANE, NORTH MUSKHAM, NEWARK, NG23 6HH - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREEN RIDGES is a small extended detached house of 109m², built sometime between 1967 and 1975. It was last sold for £250,000 in March 2022, which was around 20% below the average March 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was B.

GREEN RIDGES Sold Prices

Land registry data shows two sales for GREEN RIDGES 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. One of the two GREEN RIDGES sales was for below the average price, whilst the other was roughly equal to 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
2022 16 MAR	£250,000	£314,451	20% below HPI
1998 2 APR	£78,000	£78,174	Close to HPI

GREEN RIDGES 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 GREEN RIDGES sales from April 1998 and March 2022 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 April 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is GREEN RIDGES?

GREEN RIDGES is 109m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where GREEN RIDGES lies on this distribution: 34% of detached houses are smaller than GREEN RIDGES, and 66% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

GREEN RIDGES: Plot and Title Map

GREEN RIDGES sits on a plot of roughly 0.230 of an acre, or 930m². The below map shows the location of GREEN RIDGES, 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 GREEN RIDGES). 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 GREEN RIDGES?

GREEN RIDGES is located on CRAB LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of GREEN RIDGES on CRAB LANE.