GREENBANKS, HIGH STREET, EAST MARKHAM, NEWARK, NG22 0RE - £240,000

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

GREENBANKS is a small extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £240,000 in February 2017, which was around 13% above the average February 2017 detached price in the Bassetlaw local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

GREENBANKS Sold Prices

Land registry data shows three sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the three GREENBANKS 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
2017 10 FEB	£240,000	£211,504	13% above HPI
2003 20 OCT	£200,000	£141,926	41% above HPI
2002 25 NOV	£140,000	£114,315	22% above HPI

GREENBANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The three GREENBANKS sales between November 2002 and February 2017 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 October 2003 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2017 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is GREENBANKS?

GREENBANKS is 119m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the smallest 30% of detached houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses by size in East Markham, and where GREENBANKS lies on this distribution: 21% of detached houses are smaller than GREENBANKS, and 78% of houses are larger. Note that EPC data is not available for all properties in East Markham.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on HIGH STREET in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of GREENBANKS on HIGH STREET.