LITTLE ACRE, MAIN STREET, NORTH MUSKHAM, NEWARK, NG23 6HD - £300,000

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

LITTLE ACRE is a midsized extended detached house of 137m², built sometime between 1930 and 1949. It was last sold for £300,000 in March 2024, which was around 7% below the average March 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was F, and the potential energy rating was C.

LITTLE ACRE Sold Prices

Land registry data shows three sales for LITTLE ACRE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the three LITTLE ACRE sales was for below the average price, whilst two 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 8 MAR	£300,000	£324,008	7% below HPI
2021 25 FEB	£320,000	£289,202	11% above HPI
2010 25 JUN	£237,000	£200,785	18% above HPI

LITTLE 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 three LITTLE ACRE sales between June 2010 and March 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 February 2021 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is LITTLE ACRE?

LITTLE ACRE is 137m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 50% 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 LITTLE ACRE lies on this distribution: 59% of detached houses are smaller than LITTLE ACRE, and 40% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

LITTLE ACRE: Plot and Title Map

LITTLE ACRE sits on a plot of roughly 70.3 acres, or 284,608m². The below map shows the location of LITTLE 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 LITTLE 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 LITTLE ACRE?

LITTLE ACRE is located on MAIN STREET in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of LITTLE ACRE on MAIN STREET.