IVALO, MILL LANE, EAKRING, NEWARK, NG22 0DL - £357,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

IVALO is a very small extended detached house of 106m², built sometime between 2003 and 2006, which could now be worth an estimated £360,926. It was last sold for £357,500 in October 2024, which was around 3% above the average October 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

IVALO Sold Prices

Land registry data shows four sales for IVALO since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four IVALO 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
2024 18 OCT	£357,500	£348,652	3% above HPI
2016 25 JUL	£255,000	£251,881	1% above HPI
2006 16 JUN	£224,000	£215,727	4% above HPI
2005 7 MAR	£215,000	£210,089	2% above HPI

IVALO 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 four IVALO sales between March 2005 and October 2024 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 July 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2024 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might IVALO be worth now?

IVALO might now be worth an estimated £360,926.

This is based on house price inflation of 1%, between October 2024 and February 2025, 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 1% inflationary increase is applied to the most recent sale price for IVALO of £357,500 on 18th October 2024. For the value to have increased from £357,500 to £360,926 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of IVALO has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2024 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of IVALO has not materially changed since October 2024.

How Large is IVALO?

IVALO is 106m², which includes two extensions, according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of detached houses houses in Eakring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eakring, and where IVALO lies on this distribution: 9% of detached houses houses are smaller than IVALO, and 91% of houses are larger. Note that EPC data is not available for all properties in Eakring.

IVALO: Plot and Title Map

IVALO sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of IVALO, 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 IVALO). 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 IVALO?

IVALO is located on MILL LANE in EAKRING, in the NG22 postcode district. The below map shows the position of IVALO on MILL LANE.