MARKHAM LODGE, LINCOLN ROAD, EAST MARKHAM, NEWARK, NG22 0SH - £430,000

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.

MARKHAM LODGE is a very large detached house of 244m², built sometime between 1983 and 1990, which could now be worth an estimated £559,013. It was last sold for £430,000 in December 2019, which was around 79% above the average December 2019 detached price in the Bassetlaw local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

MARKHAM LODGE Sold Prices

Land registry data shows three sales for MARKHAM LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the three MARKHAM LODGE 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
2019 13 DEC	£430,000	£240,546	79% above HPI
2011 28 APR	£325,000	£175,101	86% above HPI
2003 7 MAY	£350,000	£124,133	182% above HPI

MARKHAM LODGE 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 three MARKHAM LODGE sales between May 2003 and December 2019 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 April 2011 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the December 2019 sale, where it falls to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might MARKHAM LODGE be worth now?

MARKHAM LODGE might now be worth an estimated £559,013.

This is based on house price inflation of 30%, between December 2019 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for MARKHAM LODGE of £430,000 on 13th December 2019. For the value to have increased from £430,000 to £559,013 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of MARKHAM LODGE has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The December 2019 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of MARKHAM LODGE has not materially changed since December 2019.

How Large is MARKHAM LODGE?

MARKHAM LODGE is 244m² according to the EPC inspection conducted in July 2019. This puts it in the largest 20% of detached houses houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Markham, and where MARKHAM LODGE lies on this distribution: 81% of detached houses houses are smaller than MARKHAM LODGE, and 18% of houses are larger. Note that EPC data is not available for all properties in East Markham.

MARKHAM LODGE: Plot and Title Map

MARKHAM LODGE sits on a plot of roughly 1.5 acres, or 6,146m². The below map shows the location of MARKHAM LODGE, 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 MARKHAM LODGE). 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 MARKHAM LODGE?

MARKHAM LODGE is located on LINCOLN ROAD in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of MARKHAM LODGE on LINCOLN ROAD.