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

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.

KINGS ACRE is a very large extended detached house of 220m², built sometime between 2003 and 2006, which could now be worth an estimated £535,491. It was last sold for £500,000 in June 2022, which was around 52% 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	£328,664	52% above HPI
2005 16 DEC	£140,000	£216,514	35% 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2022 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might KINGS ACRE be worth now?

KINGS ACRE might now be worth an estimated £535,491.

This is based on house price inflation of 7.1%, between June 2022 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 7.1% inflationary increase is applied to the most recent sale price for KINGS ACRE of £500,000 on 24th June 2022. For the value to have increased from £500,000 to £535,491 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of KINGS ACRE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of KINGS ACRE has not materially changed since June 2022.

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 houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where KINGS ACRE lies on this distribution: 89% of detached houses 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 945m². 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.