LILAC BUNGALOW, THE AVENUE, GUNTHORPE, NOTTINGHAM, NG14 7ET - £380,000

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

LILAC BUNGALOW is a very small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £380,000 in March 2021, which was around 31% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

LILAC BUNGALOW Sold Prices

Land registry data shows two sales for LILAC BUNGALOW 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 LILAC BUNGALOW 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
2021 24 MAR	£380,000	£289,565	31% above HPI
2013 1 JUL	£180,000	£210,488	14% below HPI

LILAC BUNGALOW 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 LILAC BUNGALOW sales from July 2013 and March 2021 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 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is LILAC BUNGALOW?

LILAC BUNGALOW is 97m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Gunthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Gunthorpe, and where LILAC BUNGALOW lies on this distribution: 15% of detached houses are smaller than LILAC BUNGALOW, and 82% of houses are larger. Note that EPC data is not available for all properties in Gunthorpe.

LILAC BUNGALOW: Plot and Title Map

LILAC BUNGALOW sits on a plot of roughly 0.224 of an acre, or 905m². The below map shows the location of LILAC BUNGALOW, 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 LILAC BUNGALOW). 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 LILAC BUNGALOW?

LILAC BUNGALOW is located on THE AVENUE in GUNTHORPE, in the NG14 postcode district. The below map shows the position of LILAC BUNGALOW on THE AVENUE.