KINGS ACRE, GLEBELANDS, NORTH MUSKHAM, NEWARK, NG23 6FH - £500,000

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

KINGS ACRE is a very large extended detached house of 220m², built sometime between 2003 and 2006. It was last sold for £500,000 in June 2022, which was around 58% above the average June 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was C.

KINGS ACRE Sold Prices

Land registry data shows two sales for KINGS ACRE 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 KINGS ACRE sales was for above the average price, whilst the other was 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
2022 24 JUN	£500,000	£315,714	58% above HPI
2005 16 DEC	£140,000	£207,983	33% below HPI

KINGS ACRE 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 KINGS ACRE sales from December 2005 and June 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 December 2005 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2022 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is KINGS ACRE?

KINGS ACRE is 220m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% 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 KINGS ACRE lies on this distribution: 89% of detached houses are smaller than KINGS ACRE, and 11% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

KINGS ACRE: Plot and Title Map

KINGS ACRE sits on a plot of roughly 0.234 of an acre, or 949m². The below map shows the location of KINGS ACRE, 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 KINGS ACRE). 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 KINGS ACRE?

KINGS ACRE is located on GLEBELANDS in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of KINGS ACRE on GLEBELANDS.