LORENT, TRENT CLOSE, NORTH MUSKHAM, NEWARK, NG23 6HA - £210,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

LORENT is a very small detached house of 81m², built sometime between 1976 and 1982. It was last sold for £210,000 in June 2016, which was around 15% below the average June 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was C.

LORENT Sold Prices

Land registry data shows two sales for LORENT 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. Both of the two LORENT sales were 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
2016 20 JUN	£210,000	£247,168	15% below HPI
1996 4 NOV	£63,900	£75,464	15% below HPI

LORENT 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 LORENT sales from November 1996 and June 2016 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 November 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2016 sale, which was also at 15% below the HPI.

What might LORENT be worth now?

LORENT might now be worth an estimated £305,039.

This is based on house price inflation of 45.3%, between June 2016 and December 2024, 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 45.3% inflationary increase is applied to the most recent sale price for LORENT of £210,000 on 20th June 2016. For the value to have increased from £210,000 to £305,039 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of LORENT has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2016 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of LORENT has not materially changed since June 2016.

How Large is LORENT?

LORENT is 81m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% 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 LORENT lies on this distribution: 5% of detached houses houses are smaller than LORENT, and 93% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

LORENT: Plot and Title Map

LORENT sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of LORENT, 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 LORENT). 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 LORENT?

LORENT is located on TRENT CLOSE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of LORENT on TRENT CLOSE.