LORIEN, BECKLAND HILL, EAST MARKHAM, NEWARK, NG22 0QP - £135,000

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

LORIEN is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £135,000 in October 2002, which was around 21% above the average October 2002 detached price in the Bassetlaw local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was C.

LORIEN Sold Prices

Land registry data shows two sales for LORIEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two LORIEN sales 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
2002 30 OCT	£135,000	£111,240	21% above HPI
1997 6 JUN	£91,000	£67,303	35% above HPI

LORIEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two LORIEN sales from June 1997 and October 2002 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 June 1997 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the October 2002 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is LORIEN?

LORIEN is 80m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses by size in East Markham, and where LORIEN lies on this distribution: 6% of detached houses are smaller than LORIEN, and 94% of houses are larger. Note that EPC data is not available for all properties in East Markham.

LORIEN: Plot and Title Map

LORIEN sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of LORIEN, 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 LORIEN). 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 LORIEN?

LORIEN is located on BECKLAND HILL in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of LORIEN on BECKLAND HILL.